According to SeeNews, investment group PPF announced that it has appealed the decision of Bulgaria’s competition authority to ban the acquisition of Sofia-based Nova Broadcasting Group by PPF.
“We can confirm that we filed an appeal against the decision of the Bulgarian antimonopoly office about Nova Broadcasting Group,” PPF Group spokeswoman Zuzana Migdalova wrote in an e-mailed statement in response to a SeeNews inquiry.
Last month, Bulgaria’s Commission for Protection of Competition banned the deal saying that the significant number of media outlets owned by the two groups will give them a competitive advantage on the media services market, which might incentivise them to increase their prices, change the terms of existing contracts or restrict access to the market.
Full Content: See News
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