You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Romania's antitrust body probing Marcos Provit's takeover of Polisano Pharma

Romania's antitrust body probing Marcos Provit's takeover of Polisano Pharma Source: Polisano Pharma

BUCHAREST (Romania), August 9 (SeeNews) - Romania's competition authority said it is looking into the takeover of pharmaceuticals retailer Polisano Pharma by local peer Marcos Provit.

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

You can subscribe to our M&A newsletter here

Polisano Pharma sells pharmaceutical and parapharmaceutical products in 24 pharmacies and a naturist products store located in Sibiu county.

Part of the Evofarm group, Marcos Provit is present on the retail market of pharmaceutical and parapharmaceutical products in specialized stores, as well as on the wholesale market. Evofarm operates over 100 pharmacies across Romania, employing more than 450, according to its website.

In June, the Competition Council approved Marcos Provit takeover of local pharmaceuticals retailer Gifarm.

(1 euro=4.9050 Romanian lei)

 
Compare