Acquisition of the Leading Consumer Electronics Retailer in Bulgaria was Unconditionally Cleared by the Commission for the Protection of Competition
May, 2012 - Sofia, Bulgaria
BOYANOV & Co. represented The Luxembourg Acquisition Company S.à r.l. in the merger control procedure related to the acquisition of sole control over the undertakings Axis Retail N.V., the Netherlands Antilles, and Borovets Invest B.V., the Netherlands. Axis Retail N.V. through its Bulgarian subsidiary is the operator of Technomarket – the leading retail chain for consumer electronics, office equipment, telecommunications and IT products in Bulgaria.
The Luxembourg Acquisition Company S.à r.l., Luxembourg, is ultimately controlled by the Ministry of Finance of the Sultanate of Oman, via the State General Reserve Fund of Oman. Since 2009 the Sultanate of Oman, via the State General Reserve Fund of Oman holds a minority interest in the Corporate Commercial Bank, Sofia.
BOYANOV & Co.’s team was led by the partner Peter Petrov.
