Friday, 18 January 2019

Decision 677/2019

Decision on the proposed acquisition of 100% of the shares in AIG HELLAS S.A. by the AIG conglomerate. 

Decision 677/2019
File (PDF) Decision 677/2019
Date of Publication of Decision January 18th, 2019
Issue Number of Government Bulletin 2414/B/20.06.2019
Relevant Market Insurance Services
Proceedings Merger
Legal Framework  Phase I (Article 8 par. 3 of the Greek Competition Act 3959/2011)
Decision Clearance
Target Company AIG HELLAS 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 for which notice was given on 30/10/2018, which concerns the acquisition of sole control over AIG HELLAS S.A. by the AIG conglomerate.

The Chamber of the Commission decided that the concentration, which concerns, primarily, the insurance market, does not raise any doubts as to its compatibility with merger control rules in the relevant market, 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) -
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