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The Commission for Protection of Competition has permitted concentration of SCS Franchise Jsc. 2020-07-27

Pursuant to decision No. 626 dated 23 July 2020 the Bulgarian Commission for Protection of Competition has permitted concentration through acquisition of sole control under the meaning of Chapter V of the Protection of Competition Act of SCS Franchise Jsc. and Sanita Franchising Jsc. by Sopharma Trading Jsc. The Commission ordered the immediate execution of the decision. Earlier this year Sopharma Trading Jsc announced that it has reached an agreement for the acquisition of SCS Franchise Jsc. and Sanita Franchising Jsc operations with the intention to integrate them into the SOpharmacy brand.

 
Closing of the acquisition is conditional upon authorization by General Meeting of Shareholders of Sopharma Trading Jsc..