Friday, 23 November 2018 12:01

Decision 673/2018

Decision on the proposed acquisition of NEA ODOS S.A. and CENTRAL GREECE MOTORWAY S.A.  by GEK TERNA Group, shifting ownership from joint to sole.

Decision 673/2018
File (PDF) Decision 673/2018
Date of Publication of Decision November 23rd, 2018
Issue Number of Government Bulletin  
Relevant Market Motorway Concessions
Proceedings Merger
Legal Framework

Phase 1 (Article 8(3) of the Greek Competition Act 3959/2011)

Decision Clearance 
Acquiring Company GEK TERNA Group
Target Companies

1. NEA ODOS S.A.

2. CENTRAL GREECE MOTORWAY S.A.

Summary of Decision

The Chamber of the Hellenic Competition Commission, unanimously decided to clear, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, the concentration for which notice was given on 05/10/2018, which concerns the transition of ownership of NEA ODOS S.A. and CENTRAL GREECE MOTORWAY S.A. from joint to sole, through the acquisition by GEK TERNA Group (current shareholder) of the remaining shares in the companies, which were previously owned by FERROVIAL S.A.

The Hellenic Competition Commission decided that the concentration in question, while falling within the scope of Article 6(1) of the Greek Competition Act 3959/2011, does not raise any serious doubts as to its compatibility with merger control rules in the relevant market.

Judicial Means Final. Decision has not been appealed
Decisions by the Court of Appeal of Athens (Administrative Division) -
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