| Decision 685/2019 | |
|---|---|
| File (PDF) | Decision 685/2019 |
| Date of Publication of Decision | May 15th, 2019 |
| Issue Number of Government Bulletin | 3432/B/14.08.2020 |
| Relevant Market | The wider market for the provision of real estate services with the sub-markets of residential and commercial real estate. |
| Proceedings | Merger |
| Legal Framework |
Phase I (Article 8 (3) of the Greek Competition Act 3959/2011) |
| Decision | Clearance |
| Acquiring Company | “Eurobank Ergasias Bank SA” |
| Target Company | “Grivalia Properties AEEAP” |
| Summary of Decision |
The Competition Commission, convened in a Section formation, by unanimous decision approved the concentration regarding the merger by absorption of “Grivalia Properties AEEAP” by “Bank Eurobank Ergasias SA”, since in accordance with Art. 6(1) of Greek Law 3959/2011, the notified concentration will not result in changes in the structure of the relevant markets and will not substantially alter market shares in the wider real estate market and the residential and commercial real estate submarkets. Therefore, the notified concentration will not affect the level and conditions of competition in this sector. |
| Judicial Means | Final. Decision has not been appealed. |
| Αποφάσεις ΔΕΑ | - |
