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Newly-registered co seeks anti-trust nod to acquire waste collection company FCC Bulgaria

Author Mario Tanev
Newly-registered co seeks anti-trust nod to acquire waste collection company FCC Bulgaria Photo: FCC Bulgaria / All rights reserved.

SOFIA (Bulgaria), May 19 (SeeNews) - Bulgaria's Commission for Protection of Competition said on Tuesday that local company Waste Solutions is seeking approval to acquire waste collection company FCC Bulgaria, which provides services in the capital Sofia.

Interested parties have until May 26 to submit with the competition regulator statements regarding the transaction, a notice published on its website reads.

According to registry agency data, Waste Solutions was set up in February with a registered capital of 2 levs ($1.1/1 euro). The company is fully owned by private individual Anton Stratiev.

FCC Bulgaria generated revenue of 29 million levs ($16.2 million/14.8 million euro) and a net profit of 1.7 million levs in 2018, according to its most recent annual financial statement. 

FCC Bulgaria provides waste collection services in a number of cities in Bulgaria, including the capital Sofia. The company is a wholly-owned subsidiary of Austria-registered FCC Environment CEE.

Last month, FCC Bulgaria signed a 5.6 million levs waste collection contract with Pleven municipality.

(1 euro = 1.95583 levs)

 

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