OMV Petrom wants to take over Tenersolar Park, Enerintens Solar and CIL PV Plant
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The Competition Council is analyzing the transaction by which OMV Petrom SA intends to take over, together with RES Terranet Holding SRL, the companies Tenersolar Park SRL, Enerintens Solar SRL and CIL PV Plant SRL.
The OMV Petrom Group is active in the energy industry, from the exploration and production of crude oil and natural gas, to the refining and distribution of fuels, and further to the generation of electricity, as well as the trading of natural gas and electricity.
RES Terranet Holding SRL is a holding company that holds shares in several companies in Romania active in the development, generation, marketing, supply and management of assets in the field of renewable energy.
Tenersolar Park SRL, Enerintens Solar SRL and CIL PV Plant SRL deal with the production of electricity, being project companies that pursue the development of four wind farms and a photovoltaic park, which will be built in the southern area of Romania.
In accordance with the provisions of the Competition Law (no. 21/1996), this transaction must be authorized by the Competition Council, which will evaluate it in order to establish its compatibility with a normal competitive environment and will issue a decision within the terms provided by law.
Any observations and points of view can be sent to the competition authority within 20 days from the date of this communication.
