Bulgaria's Speedy Receives Anti-Trust Nod to Buy Rapido, Gets Fine for not Disclosing Info

Bulgaria's Speedy Receives Anti-Trust Nod to Buy Rapido, Gets Fine for not Disclosing Info

Bulgaria's competition regulator said that it has given clearance to local express delivery company Speedy [BUL:0SP] to acquire its peer Rapido Express and Logistics. At the same time, the Commission for Protection of Competition fined Speedy 205,622 levs because the company had failed to disclose the fact that Rapido Express and Logistics acquired assets of local peer D&D Express in March, the regulator said in its decision, published late on Thursday. The fine is equal to 0.2% of Speedy's turnover in 2017.

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