Romania's antitrust body reviews Nisal's takeover by Veolia

The Competition Council will assess the terms of the notified transaction in accordance with current legislation to determine whether the deal can be granted clearance, the antitrust body said in a press release on Thursday.

Founded in 1996, Nisal focuses on the design and implementation of sanitary, heating, air conditioning, and heating installations.

In 2022, Nisal booked a net profit of 3 million lei ($655,551/603,524 euro) on a net turnover of 28.7 million lei, according to finance ministry data.

With a history of over 160 years, Veolia Group is a leading provider of essential services, including water, energy and sewage systems, and employs almost 220,000 people. Veolia Romania was founded in 1992 and focuses on the management of public water and energy services.

In 2023, Veolia Romania posted an adjusted net profit of 1.3 million euro on a turnover of 45.3 million euro.

(1 euro = 4.9708 lei)