YEREVAN, NOVEMBER 12, NOYAN TAPAN. At the November 12 sitting, the RA State Commission for Protection of Economic Competition allowed the European Bank for Reconstruction and Development (EBRD) to acquire Nutfood company's newly-issued shares that make up 28.3% of the authorized capital of this company. The commission did not consider it as concentration of the right of property. To recap, EBRD had applied to the Commission with the aim of acquiring Nutfood's shares. A note about concentration had also been filed. The Commission initiated administrative proceedings which did not reveal any circumstances for forbidding concentration of the right of property. According to the Commission, the newly-created Nutfood company is engaged in production of meat products, while EBRD carries out investment and crediting activities, and its investments will be spent on the purchase of new equipment and the introduction of new technologies. Taking the above mentioned facts into account, the Commission considered that the given deal does not restrict competition and permitted the deal.

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