Decision 679/2019 | |
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File (PDF) | Decision 679/2019 |
Date of Publication of Decision | February 20th, 2019 |
Issue Number of Government Bulletin | 3812/Β΄/15.10.2019 |
Relevant Market | Television, Radio |
Proceedings | Merger |
Legal Framework | Phase I (Article 8 par. 3 of the Greek Competition Act 3959/2011) |
Decision | Clearance |
Acquiring Companies |
1. NEVINE HOLDINGS LIMITED 2. MOTOR OIL (HELLAS) S.A. 3. ALPHA MEDIAGROUP LIMITED 4. DIMITRIS KONTOMINAS |
Target Companies |
1. ALPHA SATELLITE TELEVISION S.A. 2. ALPHA RADIO S.A. 3. ALPHA RADIO KRONOS S.A. |
Summary of Decision | In plenary session the Hellenic Competition Commission, in an open vote, unanimously cleared, pursuant to Article 8(6) of the Greek Competition Act 3959/2011, the concentration for which notice was given on 9/11/2018. Although the concentration falls within the scope of Article 6(1) of the Greek Competition Act 3959/2011, it does not fall within the scope of Article 3 of Greek Law 3592/2007, since paragraph 3 is not satisfied i.e. the contracting companies do not hold 35% of the market share in the television and radio market. Therefore, since the concentration will not give rise to a dominant position, it is unlikely that a concentration of control will be created and that competition will be significantly limited under Article 7(1) of the Greek Competition Act 3959/2011. |
Judicial Means | Final. Decision has not been appealed |
Decisions by the Court of Appeal of Athens (Administrative Division) | - |