Bulgaria's Malex Management seeks antitrust nod to acquire indirect control of Helios Projects

Bulgaria's Commission for Protection of Competition (CPC) said that Sofia-based investment company Malex Management is seeking its approval to acquire through its majority-owned unit Helios Energy Invest an indirect shareholding interest in local solar power plant operator Helios Projects.

Helios Energy Invest was established by Malex Management with the purpose of acquiring Helios Projects, the competition regulator said in a statement on Friday.

The notified transaction is expected to affect the local markets for production of, and trade in, electricity, as a company that is part of the Malex Management group is active on the respective market, the CPC said.

Interested parties have until October 29 to file with their statements regarding the proposed transaction with the CPC.

According to commercial register data, Sofia-headquartered Helios Projects is a wholly-owned subsidiary of Switzerland-based H1 Venture Swiss Holding.

Helios Projects has developed, built and operates a 50 MWp photovoltaic power plant in the village of Pobeda, in Pleven region, according to information published on the company's website.

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