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France Air Management seeks Bulgarian anti-trust nod to buy SIG ops

Author Mario Tanev
France Air Management seeks Bulgarian anti-trust nod to buy SIG ops Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), December 9 (SeeNews) - Bulgaria's Commission for Protection of Competition said on Monday that France Air Management is seeking approval to acquire the operations of British-based SIG, which is active on the Bulgarian market.

SIG operates in Bulgaria through its wholly-owned subsidiary SIG Air Handling Bulgaria, a notice published on the competition regulator's website reads.

Interested parties have until December 16 to submit their statements regarding the transaction.

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)

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