OMV Bulgaria OOD, a subsidiary of the Romanian OMV Petrom S.A. (SNP.RO), has been notified of an alleged breach of antitrust regulations by Bulgarian authorities, OMV Petrom said Monday.
OMV Bulgaria OOD, a subsidiary of the Romanian OMV Petrom S.A. (SNP.RO),
has been notified of an alleged breach of antitrust regulations by Bulgarian
authorities, OMV Petrom said Monday.
MAIN FACTS:
-On March 16, 2012, the Bulgarian Commission for Protection of Competition
provided OMV Bulgaria, a 99.9% subsidiary of OMV Petrom S.A., with 30 days to
provide written arguments and evidence.
-The findings of the Bulgarian Commission for Protection of Competition,
including possible financial sanctions, will be specified in the final decision
which will be issued after the receipt of OMV Bulgaria and other involved
companies' response to the statement of objections and after a hearing at the
Bulgarian Commission for Protection of Competition.
-The alleged breach concerns a number of key players in the Bulgarian fuels
market, Petrom said.
-
Austria
's oil
and gas company OMV AG (OMV.VI) holds a 51.01% share in OMV Petrom.
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