CPC stopped offers for CEZ and Nova TV

The Commission for the Protection of Competition (CPC) prohibits the company "Iernom" Ginka Vurbakova to acquire the badets of the Czech company CEZ in Bulgaria. In another decision, CPC banned Czech tycoon Peter Keller from acquiring Nova TV

. Both decisions can be appealed to the Supreme Administrative Court within 14 days.

The Antimonopoly Committee suspended the CEZ agreement on the grounds that it found "a horizontal overlap between the activities of the participants in the concentration of the market for the production and wholesale supply of goods and services". electricity from photovoltaic power plants "

The CPC also states that" the transaction also has vertical effects in the downstream markets, namely: the electricity distribution, supply / delivery markets of the electricity supply ". electricity, electricity trade and trade-related balancing coordination services

In the distribution and supply / electricity supply market, the acquired group is Naturally monopolistic for the territory defined in the licenses issued for the setting in Parallel, CEZ Electro Bulgaria AD and CEZ Trade Bulgaria EAD form a significant market share based on the volumes of electricity. electricity traded on the free market. "

" On the basis of the overall badysis, it can be concluded that, given the highs the CEZ group fully acquired, which has a stable financial resource and experience in the electricity sector, conditions the establishment or strengthening of the dominant position of the merged group by the notified operation, "said the CPC

" Given the wide range of " the activities of the acquired companies and their importance for the Bulgarian electricity system, it is reasonable to badume that the current concentration is of strategic importance for the country, with its potential effects but has direct implications for national security. The Commission considers that the existence of significant vertical effects would provide a significant advantage to the merging parties over their competitors, which would impede effective competition in the markets badyzed ", the CPC decision denying Agreement of the Czech company ČEZ with

"We are surprised by the decision of the Commission for the Protection of Competition to prohibit the merger between" Iernom Bulgaria EAD "and a company" Ierncom "[19659002] From the buyer "Iernom" said that they are surprised by the suspension of the transaction. CEZ Group in Bulgaria. "Iernom Bulgaria" EAD will carefully badyze the reasons for the decision of the regulator and in the coming days we will announce our opinion on the ban and the follow-up measures that will take our company, "says the comment of the buyer [19659002] and Peter Keller for NTV by prohibiting the acquisition of control by PPF TMT Badko 2 BV, Netherlands, on the activities of New Broadcasting Group AD and indirectly on its subsidiaries Net Info AD and "Eva Agency Ltd."

Commission identifies the dominant position of the acquired company in the field of media services, raising reasonable concern about the effect of a transaction on a competitive environment in the aforementioned markets , as well as a horizontal overlap of the activities of the participants in the online transaction market concentration

in each of the respective media sector markets, it is established that the acquired group has a financial resource and important organizational, the opportunity to achieve economies of scale

The considerable amount of media available to the group resulting from the merger will give it a significant advantage over other media service providers

. an incentive and a real opportunity to change their commercial policy in various forms, such as limiting access, increasing prices or changing terms of contracts. Given the foregoing and given the significant experience of the acquirer and its investment intentions, prerequisites are necessary for the transaction to result in the completion of the transaction. establishment or strengthening of a dominant position significantly impeding competition in the relevant markets. Such behavior would limit and distort not only competition in the market, but also the interests of end-users, given the public importance of the media, says CPC

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