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One of the leading producers of mineral fertilizers in Bulgaria – Agropolychim AD – wants to acquire 50% of its key trading partner Ecofol AD. A notification of the upcoming concentration was filed in June with the Commission for the Protection of Competition (CPC), which is already reviewing the deal. According to the notification, the deal affects three parties: Agropolychim (a producer of standard fertilizers), Ecofol (a producer of treated and foliar fertilizers) and Viktor Rombout, who owns a majority stake in the agricultural company Agro Tsar Petrovo AD, and is also the son of Philip Rombout – Chairman of the Board of Directors of Agropolychim and a shareholder with a 50% stake in it. Agro Tsar Petrovo is a producer of agricultural crops, such as sunflower, wheat, rapeseed, corn, coriander and milk thistle. A check in the Commercial Register shows that the father owns 25% of the company, and in the past he was also its procurator. Now his son manages it and owns 75%. The long-standing trading partner – “Ekofol” – is an independent company owned by Radoslav Ivanov Mihaylov and Boryana Ivanova Mihaylova.

 

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