| Decision 691/2019 | |
|---|---|
| File (PDF) | Decision 691/2019 |
| Date of Publication of Decision | October 16th, 2019 |
| Issue Number of Government Bulletin | 1095/Β/31.3.2020 |
| Relevant Market | Importation/distribution of new vehicles, importation/distribution of spare parts and components |
| Proceedings | Merger |
| Legal Framework | Phase I (Article 8(3) of the Greek Competition Act 3959/2011) |
| Decision | Clearance |
| Acquiring Company | George and Polychronis Syggelidis |
| Target Company | OPEL HELLAS S.A. |
| Summary of Decision | Τhe Hellenic Competition Commission in plenary session unanimously cleared, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, the acquisition of 100% of the shares in OPEL HELLAS S.A. by George Syggelidis (upon which his son, Polychronis Syggelidis, indirectly acquired the control of the target company), since the transaction does not raise any doubts as to its compatibility with merger control rules in the relevant markets, even though it falls within the scope of Article 6(1) of the Greek Competition Act 3959/2011. |
| Judicial Means | Final. Decision has not been appealed |
| Decisions by the Court of Appeal of Athens (Administrative Division) | - |
Wednesday, 16 October 2019
Decision 691/2019
Decision on the proposed acquisition of 100% of the shares in OPEL HELLAS S.A. by George and Polychronis Syggelidis.
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