The Competition Council is analyzing the transaction by which Public Power Corporation SA intends to take over the companies Felix Renewable Holdings SRL, Tomis Team SA, Ovidiu Development SA, MW Team Invest SRL and TMK Hydroenergy Power SRL.
Public Power Corporation SA, active in the field of electricity production and supply in Greece, is the parent company of several subsidiaries, which operate in Greece, Romania and North Macedonia (PPC Group). In Romania, the PPC Group produces, supplies and distributes electricity, supplies natural gas and provides complementary services.
Tomis Team SA, Ovidiu Development SA and TMK Hydroenergy Power SRL operate electricity production plants from renewable sources with a total capacity of approximately 629 MW. MW Team Invest SRL owns one of the wind farms operated by Tomis Team SA, while Felix Renewable Holdings SRL is a holding company.
“In accordance with the provisions of the Competition Law (no. 21/1996), this operation must be authorized by the Competition Council, which will evaluate it in order to establish its compatibility with a normal competitive environment and will issue a decision within the terms provided by law,” says the Council.