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Anti-trust commission in Serbia investigating Fortenova Grupa merger

Christian Fernsby |
The Serbian Commission for Protection of Competition has launched proceedings against Croatian Fortenova Grupa to investigate a merger "implemented without antitrust clearance."

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"There are reasonable grounds to believe that Fortenova Grupa dd Zagreb has acquired control over the companies Frikom doo Beograd, Dijamant ad Zrenjanin, Mivela Mg, PIK Vrbovec doo Beograd, Kikindski mlin and other companies established in the Republic of Serbia, operating within the Agrokor group.

"In the proceedings concerned, the Commission will investigate whether the provisions of the Law on Protection of Competition are contravened in the specific circumstances of this case, who exercises the control over company Fortenova Grupa, as well as the permissibility of this concentration within the meaning of Article 19 of the Law."

"The Law stipulates that concentrations of undertakings are permitted, unless they significantly restrict, distort, or prevent competition in the market of the Republic of Serbia or its part, and especially if that restriction, distortion, or prevention is the result of creating or strengthening of dominance," the commission said in a statement.

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