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Bulgaria: In-depth probe into Emko buy of Dunarit started

By  |  February 4, 2019

Bulgaria’s Commission for Protection of Competition (CPC) announced on Monday, February 4, that it is launching an in-depth probe into arms maker Emko’s planned acquisition of local peer Dunarit, in line with a recent ruling by the Supreme Administrative Court (SAC).In January, the SAC cancelled a decision by the competition regulator dating back to 2016 to let the deal move ahead without analysing it, CPC documents showed.

Back in 2016, when Emko notified the competition regulator of the planned acquisition, CPC decided that it would not look into the deal because the combined turnover of the two companies was below the regulatory limit.

The antitrust body’s decision was challenged in court by local company Viafot Investment Bulgaria, which operates in the same market segment as the parties to the deal.

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