Speedy AD Sanctioned By Competition Authority For Failure To Provide Complete And Accurate Information

With Decision No.1046 issued on 20 September 2018, the Bulgarian Commission for the Protection of Competition (the "CPC") gave the green light to the acquisition of Rapido Express and Logistics OOD by its competitor Speedy AD, in accordance with Article 26(1) of the Act for the Protection of Competition (the "APC").
At the same time, the CPC sanctioned Speedy AD for failing to provide complete and accurate information in its notification to the Competition Authority, which has a material and substantial importance for the evaluation of the concentration deal.

Failure to provide complete information about the deal was determined to be a violation of Article 47(5) of the APC, which lists a general obligation on undertakings to provide full and accurate informational assistance to the Competition Authority.