1. ARGOS S.A.

2. EUROPE S.A.

The Assembly of the Hellenic Competition Commission in Decision 669/2018, published during the simplified Dispute Resolution Procedure pursuant to article 25(a) of the Greek Competition Act 3959/2011, as amended in Decision 628/2016 of the Hellenic Competition Commission, following a request put forth by the companies: a) EUROPE S.A. and b) ARGOS S.A. to commence the procedure, unanimously decided that the companies in question have violated national and community laws on competition, namely Article 1 of Greek Legislation 703/1977 (now Greek Competition Act 3959/2011) and Article 81 of the EC Treaty (now Article 101 TFEU) through their involvement in vertical collusions and/or concerted practices.

Specifically, based on the rationale of the decision, the two agencies were involved in anti-competitive collusions which constituted horizontal agreements and/or concerted practices with a view to agreeing a common trading and pricing policy (supplies), the restriciton of quanity of supply, the distribution of customers and the adulteration of competition in the press distribution market. For the violation, a fine of one hundred and fifty thousand Euros (€150,000) was imposed on EUROPE S.A. and a fine of three hundred and fifty thousand Euros (€350,000) was imposed on ARGOS S.A.