BUCHAREST (Romania), January 17 (SeeNews) - Romania's competition authority said on Friday that it has approved the recent takeover of vegetarian and bee products maker Sano Vita by Roho Healthy Food Investments.
"Following a review of the transaction, the Competition Council has found that it does not raise significant obstacles to effective competition in the market, in particular by establishing or strengthening of a dominant position," the anti-trust body said in a statement.
Sano Vita was founded in 1995 and sells vegetarian products as well as bee products.
Roho Healthy Food Investments is part of the American investment fund Highlander Partners. In Romania, the investment fund is also present through medical services supplier Ares group.
Highlander Partners has approximately $2 billion (1.77 billion euro) of assets under management. It focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience. Highlander Partners implements a 'buy and build' investment approach, creating value by helping companies grow both organically and through acquisitions, according to its website.
($= 0.8961 euro)