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Bulgaria's Farm Sense receives antitrust clearance to acquire Agrosiloz

Bulgaria's Farm Sense receives antitrust clearance to acquire Agrosiloz Author: Farm Sense / All rights reserved.

SOFIA (Bulgaria), November 23 (SeeNews) - Bulgaria's competition authority said that it granted approval to Sofia-based agricultural produce trader Farm Sense to acquire 100% of local peer Agrosiloz.

A market analysis of the notified transaction is not required as the turnover of Agrosiloz in Bulgaria did not exceed 3 million levs ($1.7 million/1.5 million euro) last year, the Commission for Protection of Competition (CPC) said in its decision on the deal published last week.

The decision can be challenged by interested parties before Sofia Region Administrative Court by December 1.

According to Bulgarian commercial register data, Kavarna-based Agrosiloz is a wholly-owned unit of the Netherlands-registered Renaisko B.V.

(1 euro = 1.95583 levs)

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