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Decision 802/2022 | |
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| File (PDF) | Decision 802/2022 |
| Date of Issuance of Decision | December 16th, 2022 |
| Issue Number of Government Bulletin | Publication pending
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| Relevant Market |
Relevant Market Electricity retail market |
| Subject of the Decision | Clearance decision on the notified concentration under ref. no 8428/19.09.2022, pursuant to articles 5-10 of L. 3959/2011, concerning the acquisition by “MYTILINEOS S.A.” of sole control over the entire share capital of “WATT AND VOLT EXPLOITATION OF ALTERNATIVE FORMS OF ENERGY S.A.” |
| Legal Framework |
Article 6 of Law 3959/2011 |
| Operative part of the Decision | The the Hellenic Competition Commission (HCC), in Chamber unanimously approved, pursuant to Art. 8(3) of Greek Law 3959/2011, the notified concentration (under ref. no 8428/19.09.2022) concerning the acquisition by the company under the name “MYTILINEOS S.A.” of the entire share capital of the company under the name “WATT AND VOLT EXPLOITATION OF ALTERNATIVE FORMS OF ENERGY S.A.”, as this concentration, although falling within the scope of article 6(1) of the Greek Law 3959/2011, as in force, does not raise serious concerns as to its compatibility with competition rules in the individual markets concerned. |
| Company(ies) concerned | 1. MYTILINEOS S.A. 2. WATT AND VOLT EXPLOITATION OF ALTERNATIVE FORMS OF ENERGY S.A. |
| Summary of Decision |
The above concentration will bring about a change in the control of WATT AND VOLT, as MYTILINEOS will acquire sole control over the target company. |
| Judicial Means | - |
| Decisions by the Court of Appeal of Athens (Administrative Division) | - |
