December 18 (SeeNews) - Bulgaria's Commission for Protection of Competition said that it has cleared local construction services company Real Tech's acquisition of Sep Commerce.
The two companies do not operate on the same market segments so the deal is not expected to affect competition, the Commission for Protection of Competition said in its decision on Monday.
You can subscribe to our M&A newsletter here
According to commercial register data, Real Tech was renamed in June from Mehanizacia i stroitelstvo 2008.
Sep Commerce's assets totalled 1.3 million levs ($756,000/665,000 euro) at the end of 2017, commercial register data shows. The company generated operating revenue of 226,000 levs and a net profit of 99,000 levs last year.
(1 euro = 1.95583 levs)