Bulgaria's Commission for Protection of Competition (CPC) said that Potamiro Limited does not need to seek its approval to acquire Sofia Hotel Balkan AD (BUL:3ZB). The combined turnover in Bulgaria of all companies involved in the transaction for the last full financial year is lower than the ($15 million/€12.8 million) threshold requiring anti-trust clearance, the competition authority said in its decision published last week. Potamiro intends to acquire 100% of Naranjilla Company, which controls 87.49% interest in Sofia Hotel Balkan through its wholly-owned subsidiary Bandola Properties. Kokari Limited is the other notable shareholder in Sofia Hotel Balkan, with 11.85% interest.