Wednesday, 01 February 2017

Decision 638/2017

Decision on the proposed acquisition of NIKAS S.A. by CHIPITA S.A., granting the latter sole control over the former.  

Decision 638/2019
File (PDF) Decision 638/2017
Date of Publication of Decision February 1st, 2017
Issue Number of Government Bulletin  
Relevant Market Cold Meat
Proceedings Merger
Legal Framework Phase I (Article 8 par. 3 of the Greek Competition Act 3959/2011)
Decision Clearance
Acquiring Company CHIPITA S.A.
Target Company NIKAS 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 which concerns the acquisition of sole control over NIKAS S.A. by CHIPITA S.A.

The Commission decided that the concentration, which concerns companies with heterogeneous business activities, does not raise any serious doubts as to its compatibility with merger control rules in the relevant markets. Given the absence of any horizontal overlap between the activities of the two companies, the possibility of the concentration causing negative impacts on competition is deemed insignificant. 

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