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Competition Council analyzes transaction by which Edenred Romania takes over companies of Benefit Group

The Competition Council announced on Tuesday that it would analyze the transaction by which Edenred Romania takes over Benefit Systems, Benefit Admin and Benefit Private Pension Broker.

“According to provisions of the competition law (21/1996), this operation is an economic concentration exceeding the boundaries stipulated by law and is subject of control by Competition Council. The  latter will evaluate the economic concentration to establish its compatibility with a normal competition environment and will issue a decision according to the law,”the authority announced.

Points of view will be sent to the competition authority in 20 days.

Edenred Romania, a part of Edenred Group, offers services for improving the employees' quality of life, increase company efficiency  and retailers' incomes through three business lines: benefits for employees (meals, well being, free time, social services, fleet and mobility solutions – fuel, taxes, business travel), complementary solutions, including corporate payments, stimulation and gifts and social public programs.

Benefit Systems, Benefit Admin and Benefit Private Pension Broker carry out activities conceived around an online platform which offers access to relevant employee benefits, allowing them to be managed online.

Edenred is thus responsible for setting up, development and delivery of solutions sold by the company, acting as issuer of tickets of value and concentrating mainly on this activity, while Benefit acts as a go between offering solutions and services from other suppliers by means of a platform.