January 29 (SeeNews) - Bulgaria's Commission for Protection of Competition said that it has granted approval to France Air Management to acquire the operations of British-based SIG, which is active on the Bulgarian market.
As France Air Management is currently not active in Bulgaria, the deal will not harm competition on the local market, the regulator said in a statement last week.
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SIG operates in Bulgaria through its wholly-owned subsidiary SIG Air Handling Bulgaria.
According to its most recent available financial statement, SIG Air Handling Bulgaria generated revenue of some 46 million levs ($26 million/23.5 million euro) in 2017.
(1 euro = 1.95583 levs)