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SOFIA (Bulgaria), January 7 (SeeNews) - Bulgaria's Hotel Management Company said on Monday that it is seeking approval from the Commission for Protection of Competition for its planned acquisition of local iHotel Investment.
The deal is likely to affect competition on the hotel and tourism services sector on Bulgaria's Black Sea coast, Hotel Management Company said in a notice, published on the regulator's website.
Interested parties can submit their position regarding the deal by January 14.
Hotel Management Company is fully owned by private investor Grigor Fidanov.
iHotel Investment is a wholly-owned subsidiary of local iHotel, which in turn is fully owned by private individual Hristo Galbachev.