The proposed transaction concerns the market for electricity generation /supply at the wholesale level and the supply of electricity at the retail level.

Clearance of the notified concentration, according to Articles 5 to 10 of Law 3959/2011, concerning the acquisition of sole control by “MOTOR OIL RENEWABLE ENERGY SINGLE MEMBER S.A.”, a wholly owned subsidiary of “MOTOR OIL (HELLAS), CORINTH REFINERIES S.A.”, over the renewable energy activities currently solely controlled by “ELLAKTOR S.A.”, following the Statement of Objections under ref. no 10479/16.11.2022 by the Commissioner-Rapporteur I. Stefatos.

Articles 6-8,  L. 3959/2011

Operative part of the Decision

The Hellenic Competition Commission (HCC) unanimously approves,  pursuant to Article 8 (3) of Law 3959/2011, the notified concentration as the proposed transaction, although falling within the scope of article 6(1) of the Greek Law 3959/2011, does not raise serious concerns as to its compatibility with competition rules in the individual markets concerned.

1. “MOTOR OIL RENEWABLE ENERGY SINGLE MEMBER S.A.” 

2. The renewable energy activities of “ELLAKTOR S.A.”

According to the Decision, the proposed transaction is not expected to bring about any changes in the structure of the relevant markets concerned, as it will not eliminate any significant and active competitive pressure and, consequently, it is deemed that it will not affect the level of competition in these markets.