Decision 837/2023 |
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File (PDF) | Decision 837/2023 | |
Date of Issuance of Decision | December 19th, 2023 | |
Issue Number of Government Gazette | 4656/ Β΄/09.08.2024 | |
Relevant Market |
1. Production and marketing of Greek Monohydrate/Diasporic Bauxite mining and sale 2. Production and sale of alumina |
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Subject of the Decision |
Clearance decision on the notified concentration, pursuant to Article 6 of Law 3959/2011, concerning the acquisition by “MYTILINEOS S.A.” of sole control over “IMERYS BAUXITES S.A.”, following the relevant Statement of Objections by the Commissioner-Rapporteur Pantelis Borovas. |
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Legal Framework |
Articles 5-10 of Law 3959/2011. |
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Operative part of the Decision |
The Hellenic Competition Commission (HCC), in Plenary sitting, unanimously approved, according to Article 8 (3) of Law 3959/2011, the notified concentration under ref. no 7412/28.09.2023 concerning the acquisition by “MYTILINEOS S.A.” of sole control over “IMERYS BAUXITES S.A.” as, albeit falling within the scope of paragraph 1 of Article 6 of Law 3959/2011, it does not raise serious concerns as to its compatibility with competition rules in the individual markets concerned thereby. |
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Company(ies) concerned |
1. “MYTILINEOS S.A.” 2. “IMERYS BAUXITES S.A.” |
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Summary of Decision |
The concentration examined is vertical in nature as the parties to the transaction operate at different levels of the supply chain. In the light of the evidence in the case file, it is estimated that the conditions for input or customer foreclosure of the new entity’s competitors are not met. |
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Judicial Means | - | |
Decisions by the Court of Appeal of Athens (Administrative Division) | - |