Gaspeco L&D carries out LPG sale operations, on the segments of LPG bottling and distribution into gas cylinders, LPG retail distribution, LPG Auto distribution and LPG wholesale. The company is 49% held by Elena Borcea, the mother of Cristi Borcea, former owner of FC Dinamo. A 49% stake is held by George Corneliu Gadoiu, aged 62, one of Borcea’s cronies.
The company’s production operations are concentrated in the two bottling stations in Negoiesti and Timisoara, according to data on the company’s website.
Gaspeco is the former LPG division, Petrom LPG, which OMV Petrom had sold to Borcea in 2012.
The company ended 2018 with a turnover of RON496 million, a profit of RON11.6 million and 305 employees.
Panebo Gaz SRL’s core business is acquiring, bottling and distributing LPG through its own network and partners.
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.