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Romania's anti-trust body to look into takeover of Panebo Gaz by Gaspeco L&D

Romania's anti-trust body to look into takeover of Panebo Gaz by Gaspeco L&D Gaspeco Romania

BUCHAREST (Romania), September 17 (SeeNews) -  Romania's competition authority said that it will analyse the recent takeover of LPG distributor Panebo Gaz by local peer Gaspeco L&D.

"In order to determine if the concentration is compatible with a normal competitive environment, the competition authority will consider the notified transaction under the merger regulation," the Competition Council said in a statement on Monday.

Gaspeco L&D, part of a group of companies controlled by two Romanian businessmen, delivers LPG in Romania and abroad. It is also active in LPG wholesale and marketing.

Panebo Gaz SRL, owned by Constantin Rizescu, focuses on the procurement of LPG from domestic suppliers and importers and LPG bottling and distribution to final customers in Romania.

(1 euro=4.7352 lei)

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