| Decision 633/2016 | |
|---|---|
| File (PDF) | Decision 633/2016 |
| Date of Publication of Decision | November 29th, 2016 |
| Issue Number of Government Bulletin | |
| Relevant Market | Hotel Services |
| Proceedings | Merger |
| Legal Framework | Phase I (Articles 8 par.3 of the Greek Competition Act 3959/2011) |
| Decision | Clearance |
| Acquiring Company | HOME HOLDINGS S.A. |
| Target Company |
IONIAN HOTEL ENTERPRISES S.A. |
| Summary of Decision |
The Hellenic Competition Commission, pursuant to Art. 8(3) of Greek Law 3959/2011, approved the proposed concentration, which concerns the acquisition by HOME HOLDINGS S.A. over the company IONIAN HOTEL ENTERPRISES S.A. The concentration concerns the relevant hotel services market by (a) five-star hotels and (b) four- and five-star hotels, among which it cannot be ruled out that there may be sufficient degree of chain substitution. The Competition Commission considers that this concentration, although it falls within the scope of par. 1 of article 6 of Law 3959/2011, does not cause 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) | - |
