“Following an analysis, the Competition Council found the operation poses no significant obstacles in terms of actual competition on the Romanian market, or on a significant part of it and there is no serious doubt regarding its compatibility with the normal competitive environment”, the antitrust watchdog said in a statement on Friday.
Electromontaj is part of H4L Group with activities in various fields, among which real estate developments, leasing, logging, electricity generation and sale and natural gas.
End-July 2022, Electromontaj also acquired 82.68% of the shares of Electrotehnica Echipamente Electrice, the oldest Romanian producer of electrical equipment, transformers and coils.
Hidroconstructia’s core business targets aboveground and underground hydropower and hydrotechnical construction works, as well as civil and industrial works, roads and bridges, municipal works, land improvement works, machine repair works, quarry and gravel pit mining, metallic structures and precast reinforced concrete.