PRO Video cleared for HMO takeover

The Competition Council has authorised the economic concentration operation conducted by PRO Video by takeover of Hollywood Multiplex Operation (HMO) SRL, a press release of the institution shows. “The competition authority analysed the compatibility of the operation with a normal competitive environment and found it will not result in the restriction, removal or significant alteration of the competition on the market of cinema operation by projections of films in Bucharest,” the Competition Council specified. The takeover of Hollywood Multiplex Operation SRL was perfected on September 30, 2005. Hollywood Multiplex presents films made by film studios and distributes these films through local agents in cinemas. It also provides advertising services and sells foods and soft drinks for use in cinemas. ZF