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Romania's anti-trust body clears Gardenica acquisition of three local cos

Romania's anti-trust body clears Gardenica acquisition of three local cos akank/

BUCHAREST (Romania), September 26 (SeeNews) - Romania's competition authority said on Thursday it has approved the acquisition of Pasteur Filiala Filipesti, Farmavet and some assets of Agrozootehnica Pietroiu by Chinese owned group Gardenica Limited.

"Following review of the transaction, the Competition Council found that it does not raise significant obstacles to effective competition in the market, in particular by establishing or strengthening a dominant position," the anti-trust regulator said in a statement.

Gardenica Limited is owned by CEE China II Fund, an investment fund controlled by the Export-Import Bank of China. In Romania, the group is present through companies Flash Lightings Services and Bristol Logistics.

Pasteur Filiala Filipesti is active in the production of veterinary pharmaceutical products, while Farmavet sells biological products ,medicines, disinfectants and rodents repellents.

Agrozootehnica Pietroiu is active in the cultivation of cereals, leguminous plants and oilseed plants. 

Agrozootehnica Pietroiu's feed production activity which is to be acquired by Gardenica consists of other properties and fixed assets, intellectual property rights, and other assets used in the manufacture and marketing of feed additives and fodder.

(1 euro=4.7460 lei)