UOKiK will examine the acquisition of Eurozet by Agora

The Office of Competition and Consumer Protection (UOKiK) wants to conduct a proceeding that will clarify whether the transaction of taking over Eurozet - the owner of Radio Zet - by the Czech SFS Ventures as a majority shareholder and Agora as a minority partner, did not require its approval, UOKiK’s president Marek Niechciał said. In his opinion, Agora and Radio Zet together have a turnover that makes them qualify for UOKiK’s antimonopoly proceedings. He pointed out that companies which fail to report concentration to the watchdog face a penalty amounting to up to 10 percent of their annual turnover.
(ISBnews)