Bulgaria’s competition regulator said on Friday it granted approval to Portugal’s BA Vidro to acquire Greek glassmaker Yioula’s Bulgarian unit Drujba Glassworks.
As the Portuguese company is not present on the Bulgarian glass container market, the market share of Drujba Glassworks will not change as a result of the acquisition, the Commission for Protection of Competition said in a statement.
Drujba Glassworks has two glass container plants in Bulgaria – in Sofia and Plovdiv.
Outside of its home country, the Greek group also owns glass container plants in Romania and Ukraine.
The deal with BA Vidro includes Yioula’s Romanian unit, Stirom [BSE:STIB], but excludes the Ukrainian glass container business, the Greek group announced in October.
BA Vidro has eight factories – five on the Iberian peninsula, two in Poland and one in Germany, with a total of 2,400 employees. The group has an annual production of around 5 billion glass containers.