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RTC Holding fined 15 thousand Euros

Miercuri, 21 iunie 2006, 0:00

The Romanian Council of Competition fined the RTC Holding with 53,040 RON for delaying the notice of economic concentration following the take over of the Best Computers. The economic concentration operations finalized by 7 October 2005.

The competition law entailed that the RTC Holding BV from Holland was supposed to notify the take over within 30 days from the date of the trade. According to the law legal provisions the Council of Competition has to be informed about any trade that exceeds the threshold of 10 million Euros, is being carried out in Romania and entails two companies with a turnover of over 4 million Euros.

The Competition Council authorized other economic concentration operations involving Foliteck Limited Cyprus that took over pen maker Flaro SA Sibiu, but also RTC Holding BV Holland when taking over Mobishop SRL Bucuresti.

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