Chimimport acquire control of the Asenova fortress

Commission for Protection of Competition allowed concentration between undertakings made in the form of control by Chimimport Invest AD on Dsenova fortress AD Asenovgrad through transactions with securities.
Fortress is a public joint stock company with long experience as a producer of packaging and polymer materials used in food industry, agriculture, chemical industry and others.
To evaluate the effect of the transaction, the Competition Protection Commission examined the situation of both companies on the market of polymer packaging materials before and after concentration.
The analysis shows that none of the companies Chimimport Invest does not work in the relevant market and related markets, and therefore can not be expected to change in its structure.
Deal by Chimimport Invest aims to increase market share and improve financial performance of the acquiring company. Holding plans to develop new products to customers requirements and to implement new facilities for recycling plastics derived from household waste. In the long term and diversify the company provides the product list.
Competition Protection Commission authorized the concentration, and believes that the transaction will have no negative impact on effective competition on the market.

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Finance

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