Decision 627/2016 | |
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File (PDF) | Decision 627/2016 |
Date of Publication of Decision | June 22nd, 2016 |
Issue Number of Government Bulletin | |
Relevant Market | Port Services |
Proceedings | Merger |
Legal Framework | Phase II (Article 8 par. 4 and 8 of the Greek Competition Act 3959/2011) |
Decision | Conditional Clearance |
Acquiring Company | COSCO (HONG KONG) GROUP LIMITED |
Target Company | PIRAEUS PORT AUTHORITY S.A. |
Summary of Decision |
The Hellenic Competition Commission in plenary session, cleared, upon reaching an agreement on the terms and conditions to which reference is made below, the concentration concerning the acquisition of PIRAEUS PORT AUTHORITY S.A. by COSCO (HONG KONG) GROUP LIMITED. The terms and conditions are as follows:
The Commission, having considered the conditions of the market and its potential for improvement, as well as the commitments taken on by COSCO, concluded that the concentration does not give rise to 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) | - |