Bulgaria competition body permits Zvezda 97 acquisition by Macedonia Briljant.

By bne IntelliNews December 22, 2009
Bulgarias competition watchdog permitted the acquisition of vegetable oil seed processors Zvezda 97 and its subsidiary Zvezda by Macedonian motor fuel retailer Briljant, Bulgarian media reported. The value of the deal has not been disclosed. Briljant acquired 86.22% of Zvezda 97 and thus indirectly 91.8% of Zvezda. The two Bulgarian companies held a market share ranging from 5.13% to 7.76% in 2008. Their combined turnover stood at BGN 16.9mn (EUR 8.6mn).

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335