Friday, 06 July 2018 12:01

Decision 661/2018

Decision on the proposed acquisition of 70% of the shares in ‘‘GOLF RESIDENCES S.A.’’ by ‘‘EVERGOLF TOURIST INVESTMENTS S.A.’’.

Decision 661/2018
File (PDF) Decision 661/2018
Date of Publication of Decision July 6th, 2018
Issue Number of Government Bulletin 2890/Β΄/17.07.2020
Relevant Market Provision of hotel services
Proceedings Merger
Legal Framework Phase I (Articles 8 par.3 of the Greek Competition Act 3959/2011)
Decision Clearance
Acquiring Company EVERGOLF TOURIST INVESTMENTS S.A.
Target Company GOLF RESIDENCES S.A.
Summary of Decision  The Plenary of the Hellenic Competition Commission unanimously cleared, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, the concentration, which concerns the acquisition of 70% of the shares in ‘‘GOLF RESIDENCES S.A.’’ by ‘‘EVERGOLF TOURIST INVESTMENTS S.A.’’, since the transaction, while falling within the scope of Article 6(1) of the Greek Competition Act 3959/2011, does not raise any 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) -
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