| Decision 716/2020 | |
|---|---|
| File (PDF) | Decision 716/2020 |
| Date of Publication of Decision | July 21st, 2020 |
| Issue Number of Government Bulletin | |
| Relevant Market |
Distribution of flat steel and long steel products |
| Proceedings | Merger |
| Legal Framework | Phase I (Article 8(3) of the Greek Competition Act 3959/2011) |
| Decision |
Clearance |
| Acquiring Company | SIDMA S.A. |
| Target Company | BITROS Steel S.A. |
| Summary of Decision |
The Chamber of the Hellenic Competition Commission approved, pursuant to Art. 8(3) of Greek Law 3959/2011, the proposed transaction notified on 08/05/2020, which concerns the acquisition by SIDMA of sole control over part of BITROS through the acquisition of assets. The proposed transaction while falling within the scope of Art. 6(1) of Greek Law 3959/2011, does not raise any serious doubts as to its compatibility with the competition rules in the relevant markets involved. |
| Judicial Means | Final. Decision has not been appealed. |
| Decisions by the Court of Appeal of Athens(Administrative Division) | - |
