Following the transaction, Vestmoldtransgaz SRL will be held by Eurotransgaz SRL and the EBRD.
Eurotransgaz SRL, a company established in the Republic of Moldova, is held by Transgaz SA. Eurotransgaz SRL is engrossed in producing, storing, transporting, distributing and supplying natural gas, pipeline transmission, storage, as well as consulting activities for business and management.
The EBRD was created in April 1991 to ‘foster the transition towards open market-oriented economies and to promote private and entrepreneurial initiative’. The EBRD offers a wide range of financial instruments and other services, including business advice for SMEs, and take a flexible approach to structuring our products.
Vestmoldtransgaz SRL is the natural gas transmission and system operator, licensed in the Republic of Moldova.
“Following an analysis, the Competition Council found the operation poses no significant obstacles in terms of actual competition on the Romanian market, or on a significant part of it and there is no serious doubt regarding its compatibility with the normal competitive environment”, the watchdog said in a statement Wednesday.