Wednesday, 05 July 2017

Decision 648/2017

Decision on the proposed acquisition of CARMEL CAPITAL S.A.R.L. by DUBAI AEROSPACE ENTERPRISE (DAE). 

Decision 648/2017
File (PDF) Decision 648/2017
Date of Publication of Decision July 5th, 2017
Issue Number of Government Bulletin Β΄ 1235/09.04.2020
Relevant Market Financing and Leasing of Aeroplanes
Proceedings Merger
Legal Framework Phase I (Article 8 par. 3 of the Greek Competition Act 3959/2011)
Decision Clearance
Acquiring Company Dubai Aerospace Enterprise (DAE) Ltd
Target Company

Carmel Capital S.a.r.l

Summary of Decision

The Chamber of the Hellenic Competition Commission cleared, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, the concentration which concerns the acquisition of 100% of the shares in Carmel Capital S.a.r.l. sole shareholder of AWAS Aviation Capital DAC, by Dubai Aerospace Enterprise (DAE) Ltd. The Commission decided that the concentration does not raise any serious doubts as to its copatibility with merger control rules in the relevant markets, i.e airplane financing and leasing.

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