The state antitrust commission has approved the acquisition of 60% stake of the country’s largest wheat mill Sofia Mel, located in the capital of Sofia, by Austria’s food company Leipnik-Lundenburger Invest Beteiligungs AG. The conclusion of the commission is that the take over will not endanger the competition as Sofia Mel holds a share significantly below the 35% benchmark for market dominance. Leipnik-Lundenburger has not been operational on the local market before the acquisition. The contract is part of the strategy of the Austrians to gain market shares and to confirm its leading position on the European market. Meanwhile the local stock exchange announced that Leipnik-Lundenburger has made an offer to the minority shareholders to buy out their stakes in the mill. Sofia Mel posted a net profit of BGN 1.2mn (EUR 611,000) last year against a negative financial position one year ago. The sales of the mill increased by 35.8% to BGN 40.2mn last year.