July 12 (SeeNews) - Bulgaria's competition regulator said on Thursday that it has granted approval to Sofia-based Lion's Head Investments to acquire Megapark business centre.
Sofia's office space leasing market is highly fragmented and Lion's Head Investments' market share will not exceed 5% following the transaction, the Commission for Protection of Competition said in its decision.
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Megapark is a joint venture project of Austrian real estate property developer and manager ROBUL and Austrian property investment companies Universale International Realitaten and CA Immo, according to data from Megapark's website.
According to the commercial register, Megapark has a registered capital of 50.9 million levs ($30.1 million/26.0 million euro), split equally between Universale International Realitaten and CA Immo with 25.08 million levs each, and CEE Realty Beteiligungs with 775,540 levs. ROBUL holds a 75% stake in CEE Realty Beteiligungs, according to its website.
Currently, Lion's Head Investments has a registered capital of 53.9 million levs, consisting of a non-monetary asset, namely - Polygraphia Office Centre, according to data from the commercial register. Lion's Head Investments' biggest shareholders are local AG Capital and Mauritius-registered company OMP Investment Company PTY.
OMP Investment Company PTY acquired its stake in Lion's Head Investments last month.
(1 euro = 1.95583 levs)