April 20 (SeeNews) - Romania's competition authority said on Wednesday it is looking into the takeover of local real estate group Maurer by Luxembourg-based Revetas Capital Fund III TS SCSp.
In order to determine whether the intended 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.
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Revetas is already present on the Romanian office space rental market through the The Landmark office complex in Bucharest as well as in the hotel services market through the Radisson hotel complex in Bucharest.
Maurer Group is active on the development, sale and rental real estate markets, as well as in the administration of residential spaces in Sibiu, Brasov, Constanta, Targu Mures, Cluj-Napoca and Sighisoara.
(1 euro=4.9422 Romanian lei)