May 6 (SeeNews) - Romania's competition authority said on Wednesday that it will look into the agreed takeover of local operations of Poland's Work Service by Italian human resources company Gi Group.
In order to determine whether 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.
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In April, Gi Group said it is seeking to take over Work Service's operations in Romania through its Romanian subsidiary Gi International SRL.
The initial agreement between Work Service and Gi Group was signed on February 13.
Work Service Group was founded in 1999 in Poland and provides workforce solutions ranging from permanent placement and temporary staffing, to outplacement and outsourcing services throughout Central and Eastern Europe. It supplies and services an average of 50,000 workers daily, according to its website.
The group has been present in Romania since July 2007, when it bought stakes of 55% in four companies owned by Romanian peer APT group for an undisclosed sum. Work Service Group became majority shareholder of APT Resources & Services, APT Human Resources, APT Broker and APT Finance Broker.
Gi Group Spa was founded in 1998 in Milan and is active in the staffing industry. The company is present in Romania since 2009 and is headquartered in Bucharest and has ten other branches across the country.