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Bulgaria: Antitrust body fines Blimus

By  |  December 17, 2019

Bulgaria’s Commission for Protection of Competition stated on Tuesday, December 17, that it has imposed a 50,000 levs (US$29,000) fine on local company Blimus, which signed a distribution agreement with Cadillac Europe after illegally obtaining and using privileged information from a direct competitor.

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    Bulgaria’s Industrial Commerce Co was in advanced talks with Cadillac Europe, with all correspondence subject to a non-disclosure clause, when its then-CEO Savina Konstantinova and another Industrial Commerce Co employee decided to quit their jobs and start parallel talks with Cadillac Europe, subsequently leading to the agreement with Blimus, the competition regulator stated in its decision.

    Blimus was fined an additional 10,000 levs (US$5,200) as in September and October 2019 it still claimed to be an official distributor of cars under the Cadillac and Chevrolet brands, although its agreement with Cadillac Europe had already expired.

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