The economic concentration operation consists of the acquisition by Premier Energy SRL of all shares of Forte Gaz GN SRL from the latter’s current associates, namely, Trade Invest Capital SRL and Mr. Mihai Ionut Vilt, the antitrust regulator said in a statement.
Premier Energy was established in 2007, as Petrom Distributie Gaze SRL, and was controlled by OMV Petrom SA at that time. In 2013, Cyprus-based Ligatne Limited took control over this company from OMV Petrom SA, by signing an agreement for the concession of shares. The group of companies which includes Premier Energy operates on the natural gas distribution and supply markets.
Forte Gaz GN SRL operates on the natural gas supply market.
Under competition law no. 21/1996, the operation proposed is an economic concentration that exceeds the value thresholds stipulated by law and is, therefore, subject to investigation by the Competition Council.
The Competition Council will assess the economic concentration in terms of its compatibility with the normal competitive environment and will make a decision within the legal deadlines.