Aflik Bulgaria asks antitrust approval to acquire Ruse Shipyard.

By bne IntelliNews June 14, 2011
The state antitrust commission informs on its website that the local company Aflik Bulgaria has requested an approval to take over the shipyard in the Danube city of Ruse. The regulator does not expect the concentration to affect any market in the country. All interested parties are invited to send opinions by the beginning of next week (June 20, 2011). Aflik is active in media time and advertising space selling. In February, the shipyard informed in a statement that its owners have changed and five companies have bought a 99% stake in the company. The company did not unveil the names of its new stakeholders but commented that they plan to continue with the shipbuilding and ship-repair and intend to consolidate the activities and capitalise the company. According to latest available information, German-owned Ruse Shipyard Beteiligungs held almost a full stake in the company after winning the privatisation tender in 1999 and the remaining about 1.4% was controlled by the state.

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