Bulgaria’s Commission for Protection of Competition has given green light to the sale of Rousse Shipyard to two firms linked to Corporate Commercial Bank. Following the decision, Sofia-based companies Afilik Bulgaria and Vives will gain full control over the shipyard where they already have a 25 per cent stake through their subsidiary Ship Invest.
The regulator has concluded that the purchase would not create conditions for the establishment of a dominant position on the market. The companies will buy the asset from Germany-registered entities Alfa and Omega. The sale was first announced in February, but further information about the deal, including the asset’s buyer, had not been disclosed at that time.
( sofiaecho )
[mappress]
Source: sofiaecho, July 26, 2011; Image:danubeports