The Romanian Competition Authority fines a petrochemical company for failure to notify a merger (AGIP Romania)

On 19 December 2008 SC AGIP Romania SA (AGIP), member of the Italian petrochemical group ENI SpA, acquired a number of gas stations in Romania, previously owned by SC MOL Romania Petroleum Products SRL (MOL). On 19 February 2009 AGIP notified specified economic concentration to the Romanian Competition Authority (Consiliul Concurenţei) (CC). National merger regulation [1] provided for 30-day period for mandatory notification of the proposed concentrations to the CC. The CC established that in the present case AGIP notified its concentration 30 days after the expiration of the mandatory period and therefore should be penalized for failure to notify. In response, AGIP argued that legal provision of the Article 50(a) of the Competition Law [2] that defines failure to notify as an

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Alexandr Svetlicinii, The Romanian Competition Authority fines a petrochemical company for failure to notify a merger (AGIP Romania), 12 March 2009, e-Competitions Bulletin March 2009, Art. N° 25926

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