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SOFIA (Bulgaria), October 24 (SeeNews) - Bulgaria's competition authority said on Thursday it barred financial and insurance group Eurohold Bulgaria [BUL:4EH] from acquiring the local assets of Czech energy group CEZ.
The Commission for Protection of Competition (CPC) has decided to ban the acquisition of the assets of CEZ by Eurohold Bulgaria because combining the experience of the economic resources and market positions of the two groups in the electricity and insurance sector creates prerequisites for the notified deal to lead to the establishment or strengthening of dominant position, the anti-trust body said in its decision.
If concluded the deal would lead to considerable advantage for the participants in the concentration which would hamper effective competition on the respective markets, the regulator said.