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Inercom Bulgaria submits new notification on CEZ deal to watchdog after a restructuring

Inercom Bulgaria submits new notification on CEZ deal to watchdog after a restructuring

21 September 2018 | 17:00 | FOCUS News Agency
Sofia. Inercom Bulgaria has submitted a new notification on the CEZ deal to the Commission for Protection of Competition (CPC) after a restructuring that the company said was a response to all concerns about concentration stated by the antitrust regulator. In a press release, Inercom said that after the restructuring in its group, the companies producing electricity from photovoltaic plants are not part of its portfolio.
Focus recalls: On July 19, the regulator prohibited Inercom from acquiring CEZ’s assets in Bulgaria, saying that the deal might threaten market competition. Precisely the six photovoltaic power plants owned by the Inercom group emerged as an obstacle to the deal. According to CPC, with the acquisition the buyer will have a significant advantage over the other photovoltaic power producers.
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Inercom Bulgaria appeals decision of competition watchdog stopping CEZ deal

Inercom Bulgaria appeals decision of competition watchdog stopping CEZ deal

30 July 2018 | 15:15 | FOCUS News Agency
Sofia. Today, 30 July 2018, within the statutory time limit, Inercom Bulgaria has filed an appeal to the Supreme Administrative Court (SAC) against a decision of the Commission for Protection of Competition of 19 July 2018, which prohibited the company from acquiring the Bulgarian assets of Czech utility CEZ, the company said.
“We have read the document and analysed in detail the reasons for the negative decision of the anti-monopoly regulator. We expect a quick and fair decision by the SAC,” said Milena Stoeva, Chair of Inercom Bulgaria’s Board of Directors.
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Kaloyan Staykov, economist: CPC’s decision to halt CEZ deal is odd

Kaloyan Staykov, economist: CPC’s decision to halt CEZ deal is odd

25 July 2018 | 10:34 | FOCUS News Agency
Sofia. The decision of the Commission for Protection of Competition (CPC) to halt the deal for CEZ’s assets in Bulgaria is a strange one, Kaloyan Staykov, senior economist at the Institute for Market Economics, told Focus Radio. Whatever the deal, if the buyer or the acquired company is large, CPC may use it as an argument to stop the deal. CPC is tasked with assessing if the acquisition could lead to a dominant position in the market and distort competition, and the assessment is done with regard to certain limits, namely 40% of the market, Kaloyan Staykov said. He added that CEZ does not have a 40% market share.
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Inercom says surprised by watchdog’s decision

Inercom says surprised by watchdog’s decision

19 July 2018 | 15:10 | FOCUS News Agency
Sofia. Inercom Bulgaria said it is surprised by the antitrust watchdog’s decision and will study it in detail in the coming days. The Commission for Protection of Competition prohibited the Bulgarian company from acquiring the local assets of Czech utility CEZ. In a press release, Inercom said that it will carefully study the reasons for the decision and in the coming days will announce its opinion and next steps.
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PICTURE OF THE DAY
Win for Greens in Bavaria. October 15, 2018;
Win for Greens in Bavaria. October 15, 2018;

VIDEO OF THE DAY
Prize drawing in Q&A game European Test for Masters. July 30, 2018;
Prize drawing in Q&A game European Test for Masters. July 30, 2018;
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