The Competition Council assessed it was reasonable to conclude that the relevant concentration is not prohibited within the Competition Act.

Croatian Competition Agency (AZTN) issued a decision on the compatibility of concentration resulting from a joint acquisition of Dalekovod by Končar and Construction Line Limited, assessing the relevant concentration is not prohibited.

At the meeting held on 28 September 2021, the Competition Council assessed it was reasonable to conclude that the relevant concentration is not prohibited within the Competition Act.

As a reminder, misdemeanor proceeding for market abuse against Dalekovod was initiated by HANFA. According to the regulator, the company did not make public inside information which reasonable investors would be likely to use while making their investment decisions on companies’ shares. Also, Dalekovod received a lawsuit from minority shareholders for the financial restructuring in question and capital decrease. You can read more detailed information on the acquisition on the link here.