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Bulgaria’s Antitrust Regulator Stops United Star Probe

By  |  May 9, 2023

The Bulgarian competition authority announced on Tuesday that it has ended its inquiry into the intended purchase of Prime Holding, a Bulgarian software developer, by United Star Software Ltd, an Ireland-based company.

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    The Commission on Protection of Competition announced that they took action on a request made by United Star Software in late April.

    United Star Software notified the CPC of a change in transaction intentions, while the Bulgarian antitrust watchdog initiated an inquiry in late March.

    Related: The Global Challenge of Digital Asset Regulation

    United Star is a holding company with the aim of acquiring control of software-developing firms in Central and Southeastern Europe. Currently, the company has not been involved in any activities in Bulgaria.

    Prime Holding is a software development outsourcing company located in Plovdiv. They provide services to both domestic and international firms.

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