The Competition Council issued a non- intervention decision in the case of
the takeover of Quadrant Amroq Bottling, producer and distributor of Pepsi
drinks in Romania by Pepsi Americas USA, the second largest Pepsi- Cola
producer in the world. "The Competition council has found that this economic
concentration operation cannot come under the provisions of the Competition
Law," the Council release shows. The Competition Law provides that it needs
to be notified only in the case of economic concentrations where the
combined turnover of the involved companies exceeds 10 million euros and
there are at least two other companies in Romania which a turnover larger
than four million euros each.
US Pepsi Americas announced in April this year it intends to buy this year a
51 percent stake in the Quadrant-Amroq Bottling group, in which it already
holds 49 percent of titles. Last year PepsiAmericas bought 49 percent of QAB
shares for 51 million dollars. QAB Romania is part of the Quadrant Amroq
Bottling Company Limited company and holds two bottling lines for soft
drinks in Bucharest and one in Covasna, for mineral water. The company
registered a 150 million dollar turnover last year.
source
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