| Decision 673/2018 | |
|---|---|
| File (PDF) | Decision 673/2018 |
| Date of Publication of Decision | November 23rd, 2018 |
| Issue Number of Government Bulletin | |
| Relevant Market | Motorway Concessions |
| Proceedings | Merger |
| Legal Framework |
Phase 1 (Article 8(3) of the Greek Competition Act 3959/2011) |
| Decision | Clearance |
| Acquiring Company | GEK TERNA Group |
| Target Companies |
1. NEA ODOS S.A. 2. CENTRAL GREECE MOTORWAY S.A. |
| Summary of Decision |
The Chamber of the Hellenic Competition Commission, unanimously decided to clear, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, the concentration for which notice was given on 05/10/2018, which concerns the transition of ownership of NEA ODOS S.A. and CENTRAL GREECE MOTORWAY S.A. from joint to sole, through the acquisition by GEK TERNA Group (current shareholder) of the remaining shares in the companies, which were previously owned by FERROVIAL S.A. The Hellenic Competition Commission decided that the concentration in question, 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) | - |
