Wednesday, 05 September 2018

Decision 666/2018

Decision on the proposed acquisition of "NRG TRADING HOUSE S.A." by "MOTOR OIL (HELLAS) S.A.", through the acquisition of 90% of its shares by "NRG GLOBAL ENERGY HOUSELIMITED". 

Decision 666/2018
File (PDF) Decision 666/2018
Date of Publication of Decision September 5th, 2018
Issue Number of Government Bulletin   
Relevant Market Production and Supply of Electricity
Proceedings Merger
Legal Framework  Phase I (Article 8 par. 3 of the Greek Competition Act 3959/2011)
Decision Clearance 
Acquiring Company  MOTOR OIL (HELLAS) S.A.
Target Company  NRG TRADING HOUSE S.A.
Summary of Decision 

The Chamber of the Hellenic Competition Commission unanimously cleared, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, the concentration concerning the acquisition of NRG TRADING HOUSE S.A. by MOTOR OIL (HELLAS) S.A., through the acquisition of 90% of its shares, granting the latter sole control over the former.    

The Commission decided that the concentration in question, which concerns, primarily, the market for the wholesale production and supply of electricity and the market for the retail supply of electricity to low and medium voltage customers, 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 markets.

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