LUKErg Renew, a joint venture between Italy's ERG SpA (ERG) and Russia's OAO Lukoil, has received permission from the Commission on Protection of Competition (KZK), to buy four Bulgarian companies running wind farms in the northeastern village of Hrabrovo, Varna district reports Novinite.
According to the KZK report, the planned acquisition will not harm competition in the sector, and LUKErg Renew is free to buy Globo Energy, Mark 1, Mark 2, and UP Bulgaria 4, which are managed by Yordan Merakov.