Bifogade filer
No competition clearance from the Norwegian Competition Appeals Tribunal on the Vitek Miljø acquisition
Prenumeration
Beskrivning
| Land | Norge |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Tjänster |
| Industri | Industri |
As previously communicated, on April 17, 2024, Norva24 signed an agreement to acquire Vitek Miljø AS. The acquisition of Vitek Miljø AS was prohibited by the Norwegian Competition Authority (the “NCA”) on September 24, 2024.
The decision is based on the NCA’s view on the emptying and flushing segment in Bergen region. The decision is not restricting Norva24 from acquisitions in other parts of Norway.
The NCA’s decision was appealed by Norva24 to the Norwegian Competition Appeals Tribunal (the “NCT”) on October 15, 2024.
Norva24 has received the decision from the NCT on the appeal of the decision issued on 24 September 2024 by the NCA to reject the contemplated acquisition of Vitek Miljø.
The NCT has upheld the decision by the NCA which prohibits the acquisition of Vitek Miljø. The NCT’s decision may be appealed to the Norwegian Gulating Court of Appeal.
Further courses of action are not concluded yet. Further information will follow in due course.