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Romania's antitrust body clears Abatorul Peris buy of three peers

May 21, 2024, 5:44:42 PMArticle by Alexandru Cristea
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May 21 (SeeNews) - Romania’s competition authority said it has approved the acquisition of Romanian meat products retailers Almado Total Distribution, Cathedral Distribution, and Policalita, by local peer Abatorul Peris.

Romania's antitrust body clears Abatorul Peris buy of three peers
Abatorul Peris. Source: Facebook

The Competition Council found no significant concerns regarding the effect of the transaction on competition within the Romanian market, it said in a statement on Monday.

Almado Total Distribution, Cathedral Distribution, and Policalita are currently owned by Romanian entrepreneur Alin-Georgian Zamfira.

In 2022, Abatorul Peris booked a net loss of 17.5 million lei ($3.82 million/3.52 million euro) on a net turnover of 343.8 million lei, according to the most recent data available from the Romania's finance ministry.

(1 euro=4.9746 lei)

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