Bulgaria's Commission for Protection of Competition (CPC) said that Potamiro Limited is seeking approval to acquire Sofia Hotel Balkan AD (BUL:3ZB). Potamiro Limited plans to become the end-owner of the Sofia-based hotel through its subsidiaries Naranjilla Company and Bandola Properties Limited, the competition watchdog said in a statement on July 01, 2020. According to Potamiro Limited, the deal is not expected to affect any of the product-geographic markets in Bulgaria, the CPC said. Interested parties have until July 8, 2020 to submit their statements regarding the expected effects of the transaction to the regulator. For its part, Bandola Properties Limited holds an 87.49% stake in Sofia Hotel Balkan, the hotel said in a notice filed with the Bulgarian Financial Supervision Commission (FSC) earlier this week. According to the latest financial statement published by Sofia Hotel Balkan, Kokari Limited controlled the remaining 11.85% stake in the company at the end of March 2020.