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Sep 04, 2023 13:56 EEST
September 4 (SeeNews) - Romania's anti-trust authority said that it has approved the agreed takeover of building materials wholesaler Psihoreliconstruct by local peer Egeria TM.
The anti-trust body’s analysis showed that the transaction poses no significant threats to the national market and that there are no serious doubts regarding its compatibility with a regular competition environment, the Competition Council it said in a press release last week.
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The price of the deal was not disclosed.
Psihoreliconstruct is active in the western city of Timisoara. The company booked a net profit of 951,100 lei ($207,680/192,260 euro) on sales of 77.6 million lei last year, according to data published by the finance ministry. It employed 81 people as at end-2022.
Egeria TM produces concrete and building materials in Timisoara. It recorded a net profit of 11.6 million lei on a turnover of 191.1 million lei in 2022. The company had 101 employees at the end of 2022.
(1 euro=4.94732 lei)
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