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22.02.2024 | 馃嚜馃嚫 Spanish competition authority
Smurfit Bulgaria, a subsidiary of the Irish multinational group Smurfit Kappa, has notified the acquisition of exclusive control over the bag-in-box business unit of Bulgarian company Artemis Ood. The operation has led to significant horizontal overlaps in the market for non-aseptic bag-in-box bags for food use under 25 liters capacity, triggering increased market concentration and potentially impacting competition in Spain and the European Economic Area. The CNMC has entered Phase II of the investigation due to concerns about the market's competitive landscape, potential lack of bargaining power for buyers, and the possible exit of key competitors from the European market. During this phase, further information will be gathered, and interested parties can submit arguments to defend their interests. The final decision by the CNMC may involve approval, commitments, conditions, or prohibition of the Smurfit Bulgaria/Artemis BiB merger.
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