- By country
- By industry
- By topic
- Top 100
BUCHAREST (Romania), March 8 (SeeNews) - Romania's competition authority said it has approved the takeover of 46 stores of Belladonna pharmacy chain by local peer Sensiblu, part of a group of companies controlled by investment fund Penta Investments.
"Following a review of the transaction, the Competition Council found that it does not raise significant obstacles to effective competition in the market, in particular by creating or strengthening a dominant position," the anti-trust body said in a statement on Thursday.
The value of the transaction was not disclosed. The 46 Belladonna pharmacies are all located in Bucharest.
Privately-owned Belladonna pharmacy chain was established in 2001. It has 93 stores across the Romanian capital, according to information published on the company's website.
Penta Investments operates on the medical supplies market in Romania through the Sensiblu, Punkt and Art pharmacies. On the wholesale market of pharmaceutical and para-pharmaceutical products, Penta is present through Mediplus Exim.