The Competition Council is analyzing the takeover transaction of some companies from the Renovatio group, specialized in renewable energy and electric mobility, namely Intertrans Karla SRL, Bridgeconstruct SRL and ATS Energy SA by OMV Petrom, according to a press release of the authority.

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 carry out their activity 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 assess the operation in order to establish its compatibility with a normal competitive environment and will issue a decision within the terms provided by the law,” shows the statement.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.