Commission for Protection of Competition approves purchase of PKB by Al Dahra

The Serbian Commission for Protection of Competition has approved the purchase of PKB and its three subsidiaries, Eko Lab, PKB Agroekonomika and Veterinarska Stanica PKB, by the UAE-based company Al Dahra Agriculture .

As said on the commission's website, in examining the effects of the concentration on competition, the commission assesses, based on the data available and the data filed by the applicant, that the concentration will not jeopardize competition in Serbia.

– Considering that the applicant is active in only one relevant product market in Serbia – the production and the sale of apples, the commission concludes that there's a negligible horizontal overlap in the operations of the participants in the concentration. According to the applicant's data, their share in the apple production and sales market is around 5 to 10%, whereas Agroekonomika has around zero to five percent – the commission says on its website.

PKB's immovable property was sold this October to Al Dahra for around EUR 105 million, and the company announced that it would invest EUR 30 million in PKB in the next three years.

Komisija za zaštitu konkurencije Srbije

Al Dahra Rudnap d.o.o. Irig

Al Dahra Ujedinjeni Arapski Emirati

PKB Korporacija a.d. Beograd

EKO-LAB d.o.o. Beograd

Institut PKB Agroekonomik Beograd

Veterinarska stanica PKB Padinska Skela

Al Dahra Srbija doo

protection of competition

production and sale of apples