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Bulgaria: Competition regulator to probe Vivacom deal

By  |  March 30, 2015

Bulgaria’s Commission on Protection of Competition (CPC) said on March 30 that it has asked several local companies, including telecom operator Vivacom, to provide information regarding the proposed ownership change.

Earlier this month, Luxembourg-registered special-purpose vehicle LIC33 said that it would buy stakes owned by Tsvetan Vassilev – the former majority shareholder in Corporate Commercial Bank (CCB) – in several companies, including 43 per cent in Bulgarian Telecommunications Company (which operates under the Vivacom brand), as well as majority stakes in telecom infrastructure firm Nurts and multiplex operator First Digital, audience research firm Garb, as well as military plants Dunarit and Avionams.

CPC said that its investigation was meant to ascertain how far have the talks progressed, pointing out that any such deal required the regulator’s approval before the ownership change took effect.

 

Full Content: The Sofia Globe

 

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