The Romanian Competition Council clears the meaning of "group" for the purposes of merger turnover calculation (CRH Denmark- Ferrobeton Dunaujvarosi Beton)

1. The law Under the Romanian Competition Law n° 21/1996 [1], as amended and supplemented (the “Romanian Competition Law”), an economic concentration must be notified to the Competition Council in case certain thresholds are met, namely : (i) the aggregate worldwide turnover of the undertakings concerned achieved during the previous year exceeds the RON equivalent [2] of 10 million Euro ; and (ii) at least two undertakings concerned have each achieved, in Romania, during the previous year, a turnover exceeding the RON equivalent of 4 million Euro. The undertakings concerned, in the case of a sole-control acquisition over an undertaking, are : (i) the acquirer and its group ; (ii)the undertaking acquired and the undertakings it controls. The term group, defined in Art. 3(4) of the

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Authors

  • Musat & Asociatii (Bucharest)
  • Nestor Nestor Diculescu Kingston Petersen (Bucharest)

Quotation

Adrian Ster, Georgeta Harapcea, The Romanian Competition Council clears the meaning of "group" for the purposes of merger turnover calculation (CRH Denmark- Ferrobeton Dunaujvarosi Beton), 16 July 2008, e-Competitions July 2008, Art. N° 21860

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