“Following its analysis, the Competition Council found that this operation does not pose significant obstacles to effective competition in the Romanian market or part of it, and there are no serious doubts regarding its compatibility with a normal competitive environment.
Sarmis Holding 4 SarL is an investment vehicle owned by Sarmis Capital Partners Fund I SCSp, an investment fund based in Luxembourg.
Lightspan Management LTD, from Cyprus, is an investment vehicle used for the purpose of carrying out this transaction.
MG TEC Industry SRL, founded in 2018 by entrepreneur Vasile Hasmasan, operates in the sector of production and commercialization of large-roll sanitary paper and finished sanitary paper products.
In 2023, MG Tec Industry had a turnover of RON286 million, up 27% on the year, a net profit of RON688,000, and an average number of 325 employees, as per finance ministry data.
MG TEC Industry’s products are distributed both in Romania (40% of production at mid-2023) and abroad (60%) to countries such as Ukraine, Serbia, Hungary, Czechia, Poland, Austria, Germany, Switzerland, Slovenia, as per the latest data provided by the company.