On March 6 2013 the Competition Authority approved a concentration on the Bosnian dairy product market. The concentration will be implemented by means of an acquisition of control by Besnier SA, France over Ljubljanske mlekarne dd, Slovenia, via the acquisition of a certain number of shares in the target company (the exact number being unavailable to the public). Both participants in the concentration are present on the Bosnian market through their subsidiaries. Together with the merger clearance decision, the authority also imposed a fine on Besnier of KM310,000 (€155,000) for filing the notification after the statutory time limit.

Besnier filed a request for staying the execution of the authority's decision imposing a fine. The authority dismissed the request on March 18 2013 due to a lack of evidence that the fine in question would cause irreparable damage to Besnier.

For further information on this topic please contact Srdjana Petronijevic at Moravcevic Vojnovic i Partneri in cooperation with Schoenherr by telephone (+381 11 320 26 00), fax (+381 11 320 26 10) or email (s.petronijevic@schoenherr.rs).

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