By its Decision no 809/2023, adopted on 22 February 2022, the Hellenic Competition Commission (HCC), in Chamber, unanimously approved, pursuant to Articles 5 to 10 of Law 3959/2011, the notified concentration concerning the acquisition by the company under the name “PYRSOS HOLDING COMPANY S.A.” of sole control over the company under the name “PROMETHEUS GAS S.A.”, within the meaning of article 5(2)(b) of Law 3959/2011. 

The relevant product markets in this case are a) the market for primary supply of natural gas, b) the market for the retail supply of natural gas, c) the market for the construction of power plants, d) the market for the generation and supply of electricity, e) the market for construction projects and f) the market for real estate services.

In this concentration, there are no affected markets at horizontal and/or vertical level, as the criteria relating to a) the activity of at least two (2) of the participating undertakings and the 15% aggregate market share threshold (as regards horizontal markets) or b) the  activity of at least one of the participating companies and the 25% aggregate market share threshold (as regards vertical markets) are not cumulatively met in any of the relevant markets concerned.

The Hellenic Competition Commission, in Chamber, unanimously approved, under article 8(3) of Law 3959/2011, the notified concentration concerning the acquisition by “PYRSOS HOLDING COMPANY S.A.” of sole control over “PROMETHEUS GAS S.A.” as, although falling within the scope of article 6(1) of the Greek Law 3959/2011, it does not raise serious concerns as to its compatibility with competition rules in the individual markets concerned.