Competition Council analyzes the transaction through which the Financial Investment Company Banat-Crișana SA (SIF Banat-Crișana) intends to take over the company Doosan IMGB SA, the institution announced.

SIF Banat-Crişana SA mainly carries out financial investment activities in order to maximize the value of its shares in accordance with the regulations in force, the management of the investment portfolio and the exercise of all rights associated with the instruments in which it invests.

IMGB is a member of the South Korean Doosan group and its main activity is the “production of ferrous metals in primary forms and ferro-alloys,” also earning its income from renting office space and selling carbon dioxide (CO2) certificates.

In accordance with the provisions of the Competition Law (no. 21/1996), this operation must be authorized by the Competition Council. The competition authority will assess this economic concentration in order to establish its compatibility with a normal competitive environment and will issue a decision within the time limits provided by law.