Thursday, 13 July 2017

Decision 649/2017

Decision on the proposed acquisition of joint control over THRAKI GREENHOUSES S.A. by THRAKI PLASTICS S.A. and ELASTRON S.A., following the absorption of ELASTRON S.A. by THRAKI GREENHOUSES S.A.


Decision 649/2019
File (PDF) Decision 649/2017
Date of Publication of Decision July 13th, 2017
Issue Number of Government Bulletin  
Relevant Market Fresh Vegetables
Proceedings Merger
Legal Framework Phase I (Article 8 par. 3 of the Greek Competition Act 3959/2011)
Decision Clearance
Acquiring Companies THRAKI GREENHOUSES S.A. and ELASTRON S.A. 
Summary of Decision

The Hellenic Competition Commission, in plenary session, unanimously cleared, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, the concentration which concerns the acquisition of joint control over the company THRAKI GREENHOUSES S.A. by THRAKI PLASTICS S.A. and ELASTRON S.A., on the back of the latter having been absorbed by THRAKI GREENHOUSES S.A. in a merger.

The Commission decided that the above concentration, which primarily concerns the sector for the wholesale production and distribution of fresh vegetables, and in particular tomatoes and cucumbers grown in greenhouses, 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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