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January 22, 2021

Checking into the acquisition of Congaz share package by GDF Suez Energy Romania

The Competition Council is currently checking into the compliance with the law of the economic concentration to result from the acquisition of the majority share package (57.18 percent) in Congaz by GDF Suez Energy Romania. ‘The Competition Council will check into the deal to establish the compatibility with a normal competition environment, following a decision to be released within the time span dictated by the law. The competition authority is mainly interested in the viewpoint of the third enterprises, concerning the manner in which the economic concentration to result from the acquisition could affect the competition on this market,’ reads the release. According to the press release, the main shareholders of Congaz (before the transaction) are GDF Suez Energy Romania (28.59 percent), E.ON Ruhrgas International GMBH (28.59 percent) and OMV Petrom (28.59 percent).

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