ARTICLE · 06 JANUARY 2011

Recent Merger Review

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Since the beginning of 2010 the Commission for Protection of Competition has issued 25 clearance decisions on notification and five decisions in which it imposed penalties for non-notification and premature implementation of concentrations.

BulgariaCorporate/Commercial Law

Ilko Stoyanov

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Since the beginning of 2010 the Commission for Protection of Competition has issued 25 clearance decisions on notification and five decisions in which it imposed penalties for non-notification and premature implementation of concentrations. Some of the commission's decisions issued on notifications are summarised below.

Supermarket retail sector

In October 2010 the commission approved two concentrations which concerned the supermarket retail sector:

the acquisition of the chain Kalea by Maxima Bulgaria EOOD; and
the acquisition of Plus Bulgaria Trade KD, Tangelmann Real Estates International Bulgaria KD, Bulgaria Trade OOD and Real Estates International Bulgaria EOOD by Lidl Bulgaria GmbH (part of the Schwarz group).

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