According to SeeNews, Bulgaria Alpha Partners has been approved to acquire Bulgarian tobacco grower and cigarette manufacturer KT International.
The EU Commission on Protection of Competition said the acquisition would not create significant horizontal or vertical overlap that could inhibit competition or lead to a dominant position in the relevant market.
The value of the acquisition was not disclosed. The registered capital of KT International is US$2.8 million.
KT International is the only company selling tobacco products on the Bulgarian market. Competitors export all their products. From May 2021 to May 2023, KT International’s share of the Bulgarian cigarette circulation market is 5% to 10%.