Help Net has been a member of German Phoenix Group since 2018 and operates a pharmacy chain extended across Romania.
The companies whose pharmacies were acquired each hold 16 drugstores in capital Bucharest and Ilfov County (Tinos Farm SRL and Flora Farm SRL), as well as 17 drugstores in Constanta County (12 units in the city of Constanta, two in Techirghiol, one in Navodari, one in Negru Voda and one in Movilita village, Topraisar commune).
In Romania, Phoenix Group, one of the world’s largest in the pharmaceuticals sector, with sales of over EUR20 billion, also operates in the field of pharmaceuticals and parapharmaceuticals wholesale trade, through the company Farmexim SA.
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, especially by creating or consolidating a dominant position.