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Romania OK with Alvogen CEE Kft takeover of AI Sirona

Christian Fernsby |
The Competition Council in Romania authorized the transaction by which AI Sirona intends to take over the company Alvogen CEE Kft.

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AI Sirona is part of the Advent Group, which focus its investment activity in sectors such as: financial and business services, health, industry, trade, consumer goods and entertainment activities, technology, media and telecommunications.

In Romania, the Advent group is active in the health sector through the Zentiva Group, which operates in the sector of development, authorization, production, marketing and selling of pharmaceutical and parapharmaceutical products, through the companies Zentiva SA, Solacium Pharma SRL and Be Well Pharma SRL.

Alvogen controls several companies active in Central and Eastern Europe in the development, authorization, production, marketing of pharmaceuticals and food supplements. In Romania, Alvogen is present in the production and distribution of pharmaceutical and parapharmaceutical products, through its subsidiaries Labormed Pharma S.A. and Alvogen Romania S.R.L.

Following the analysis, the Competition Council found that this operation does not raise significant obstacles to effective competition on the Romanian market or on a substantial part of it and that there are no serious doubts about its compatibility with a normal competitive environment.

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