Emma Group expands its Romanian operations into oil and gas production


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The Competition Council authorized the transaction by which Emma Lambda Limited, Cyprus, part of the Czech Emma group, takes over Stratum Energy Romania LLC, USA, with its branches and subsidiaries. Thus, the Emma group, which owns a large part of the supply of gas and electricity in Romania, expands its business in the area of gas production.
Emma Lambda is part of the Emma Group, active in the energy sector, the gambling sector, the medical services sector, the pharmaceutical sector, digital commercial services, etc., in countries such as Cyprus, the Czech Republic, the Republic of Moldova, Serbia or Hungary.
Stratum Energy Romania LLC is a natural gas producer that operates the Poduri gas and crude oil perimeter, delimited by the Moinești EV-1 concession, in Bacău county. Following the analysis, the Competition Council found that this operation does not raise significant obstacles to effective competition on the Romanian market or on a substantial part of it and that there are no serious doubts regarding its compatibility with a normal competitive environment.
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