By its Decision no 825/2023, adopted on 27 July 2023, 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 “IDEAL HOLDINGS S.A.” of sole control over the company under the name “K.T. GOLDEN RETAIL VENTURE LTD”, within the meaning of article 5(2)(b) of Law 3959/2011. 

The relevant product markets in this case are a) the market of IT products & services, b) the market of distribution of technological products, software and cybersecurity, c) the market of packaged products, such as products from metal, plastic, glass, paper, and d) the market for the construction and sale of metal bottle caps. The relevant geographical market consists of the entire Greek territory. 

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 “IDEAL HOLDINGS S.A.” of sole control over “K.T. GOLDEN RETAIL VENTURE LTD” 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.