| Decision 705/2020 | |
|---|---|
| File (PDF) | Decision 705/2020 |
| Date of Publication of Decision | March 5th, 2020 |
| Issue Number of Government Bulletin | 2349/Β/16.06.2020 |
| Relevant Market | Port services |
| Proceedings | Merger |
| Legal Framework | Phase I (Article 8(3) of the Greek Competition Act 3959/2011) |
| Decision | Clearance |
| Acquiring Company | VENILIA INVESTMENTS S.A.R.L. |
| Target Company | D MARINAS HELLAS S.A. |
| Summary of Decision |
The Chamber of the Hellenic Competition Commission unanimously cleared, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, the proposed transaction, for which notice was given to the Commission on 13/1/2020, which concerns the acquisition of 99% of the shares in D MARINAS HELLAS SA by VENILIA INVESTMENTS S.A.R.L. and, consequently, the acquisition of sole control by the latter over the former. The Hellenic Competition Commission found that the proposed acquisition, which concerns the market for the provision of port services by marinas, while falling within the scope of Article 6(1) of the Greek Competition Act 3959/2011, does not raise any serious doubts as to its compatibility with merger control rules in the relevant market. |
| Judicial Means | Final. Decision has not been appealed |
| Decisions by the Court of Appeal of Athens (Administrative Division) | - |
