SOFIA (Bulgaria), August 10 (SeeNews) – Bulgarian insurance company Saglasie does not need approval from the Commission for Protection of Competition (CPC) to acquire 100% of Sofia-based Tokuda Health Insurance, the anti-trust authority said on Thursday.
As the two companies have the same end owner and belong to the same insurance group, the acquisition does not fall within the scope of the regulator's authority, the CPC said in a statement.
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In June, Bulgaria’s Financial Supervision Commission said it has granted approval to Saglasie to acquire 100% of Tokuda Health Insurance for a price of 3.06 million euro ($3.59 million).
($ = 0.8524 euro)