Competition Council Reviews OMV Petrom’s Acquisition of Three Companies

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The Competition Council analyzes the transaction through which OMV Petrom S.A. intends to take over the companies Intertrans Karla SRL, Bridgeconstruct SRL and ATS Energy SA.

The OMV Petrom Group operates in the field of energy, from the exploration and production of crude oil and natural gas, to the refining and distribution of fuels, and further to the generation of electricity, as well as the trading of natural gas and electricity.

The companies Intertrans Karla SRL, Bridgeconstruct SRL and ATS Energy SA operate in the field of electricity production from renewable sources.

In accordance with the provisions of the Competition Law (no. 21/1996), this transaction must be authorized by the Competition Council, which will evaluate the operation 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 in a press release.

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