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Bulgaria: PPF appeals antitrust ban on Nova buy

By  |  August 8, 2018

According to SeeNews, investment group PPF announced that it has appealed the decision of Bulgaria’s competition authority to ban the acquisition of Sofia-based Nova Broadcasting Group by PPF.

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    “We can confirm that we filed an appeal against the decision of the Bulgarian antimonopoly office about Nova Broadcasting Group,” PPF Group spokeswoman Zuzana Migdalova wrote in an e-mailed statement in response to a SeeNews inquiry.

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    Last month, Bulgaria’s Commission for Protection of Competition banned the deal saying that the significant number of media outlets owned by the two groups will give them a competitive advantage on the media services market, which might incentivise them to increase their prices, change the terms of existing contracts or restrict access to the market.

    Full Content: See News

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