| Decision 740/2021 | |
|---|---|
| File (PDF) | Decision 740/2021 |
| Date of Issuance of Decision | July 14th, 2021 |
| Issue Number of Government Gazette | |
| Relevant Market | The broader market of production and wholesale supply of electricity in the interconnected and the non-interconnected network in Greece. |
| Subject of the Decision | Merger |
| Legal Framework |
Phase I (Article 8 par. 3 of L. 3959/2011) |
| Operative part of the Decision | Clearance |
| Acquiring Company(ies) |
PUBLIC POWER CORPORATION RENEWABLES S.A. GEOENERGY AEGEAN SINGLE MEMBER S.A. |
| Target company | GEOTHERMAL TARGET TWO II SINGLE MEMBER S.A. |
| Summary of Decision |
By its unanimous Decision No. 740/2021, the Chamber of the Hellenic Competition Commission approved, pursuant to Art. 8(3) of Greek Law 3959/2011, the proposed transaction notified on 13/05/2021, concerning the acquisition of joint control by the Public Power Corporation Renewables S.A. (PPC Group) and Geoenergy Aegean Single Member S.A. (ELLAKTOR Group) of company Geothermal Target TWO II Single Member S.A. According to the decision, the HCC considered that the notified transaction, primarily concerning the broader market of production and wholesale supply of electricity in the interconnected and the non-interconnected network in Greece, although it falls within the scope of Art. 6(1) of Law 3959/2011, does not raise serious doubts as to its compatibility with the competition rules in the relevant markets concerned. |
| Judicial Proceedings | - |
| Decisions by the Administrative Court of Court of Appeal of Athens | - |
