Competition Council Approves Azzurra Leaf Two Srl’s Acquisition of Pasfin SpA Shares

The Competition Council has authorized a significant transaction in which Azzurra Leaf Two Srl, an Italian company, will acquire shares of Pasfin SpA, a financial holding company, in partnership with the Pasquini Family.

Prior to this transaction, Pasfin SpA was entirely owned by the Pasquini Family, indicating a notable shift in the company’s ownership structure.

Azzurra Leaf Two Srl specializes in acquiring and managing participations in companies, while Pasfin SpA serves as a financial holding company, owning 100% of the share capital of the Lucart Group.

The Lucart Group is a prominent European producer in the paper industry, with operations generating income in Romania, making this acquisition a strategic move in the market.

Following a thorough analysis, the Competition Council determined that this operation does not pose significant obstacles to effective competition on the Romanian market or a substantial part of it, ensuring a competitive environment.

The Competition Council’s decision will be made publicly available on their website, with confidential information removed for transparency.