Bulgaria Merger Control Overview, Part 2

Should a contemplated transaction satisfy the criteria discussed at Part 1, the mandatory merger control would apply and the responsible party or parties must file a notification with the CPC.

Filing must be made prior to closing/implementation of the contemplated transaction. Bulgarian competition laws do not specify an exact term for filing. The parties normally have a strong incentive to file as soon as possible after they have reached an understanding in sufficient detail on the transaction structure, because the closing of the contemplated transaction must not occur before the merger clearance is granted.

The standard form notification must provide information about the parties concerned and describe in sufficient detail, among others: