The transaction was agreed by the shareholders of the two companies in early November 2019.
SLS Cargo, established in 2014 by businessman Mihai Stoica, is a Romanian-held entrepreneurial company operating in the freight forwarding sector.
Under the contract concluded by the parties, SLS CARGO will continue to operate under its own brand and will not be absorbed by FAN Courier. Company founder Mihai Stoica will remain a shareholder and CEO of the company.
SLS CARGO had a turnover of RON55.8 million in 2018.
The antitrust watchdog assessed the economic concentration operation in terms of its compatibility with the normal competitive environment and found it poses no significant obstacles in terms of actual competition on the Romanian market, or on a significant part of it.