The Competition Council is analyzing the takeover of CEZ Sale by Premier Energy plc, Cyprus, the institution announced.
In Romania, Premier Group companies are active on the natural gas market, both as a distributor and as a supplier, as well as on the market for activities related to the distribution of natural gas, respectively: connection and disconnection activities from the network, maintenance connection installations and expansions of distribution networks, etc. Recently, the group has also become active on the electricity market in Romania, as an electricity producer, supplier and trader.
CEZ Vânzare SA is a supplier of electricity mainly and, to a lesser extent, of natural gas, having customers in all regions of Romania, with a predominant activity of supplying electricity in the south-west of the country.
In accordance with the provisions of the Competition Law (no. 21/1996), this operation must be authorized by the Competition Council, which will evaluate it in order to establish its compatibility with a normal competitive environment and will issue a decision within the terms provided by law.