Friday, 30 March 2018

Decision 655/2018

Decision on the proposed acquisition of sole control over PEGASUS S.A. by DIMERA MEDIA INVESTMENTS LTD, following an ex officio investigation.

Decision 655/2018
File (PDF) Decision 655/2018
Date of Publication of Decision 

March 30th, 2018

Issue Number of Government Bulletin  
Relevant Market Media
Proceedings Merger
Legal Framework Phase Ι (Article 8(3) of the Greek Competition Act 3959/2011), Fine for non-compliance with Article 9(1) of the Greek Competition Act 3959/2011
Decision Clearance. Fine for failure to provide notice
Complainant Ex Officio Investigation 
Summary of Decision

The Competition Commission cleared, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, the concentration which concerns the acquisition of sole control by PEGASUS S.A. over DIMERA S.A. Even though the concentration falls within the scope of Article 6(1) of the Greek Competition Act 3959/2011 and Article 3 of Greek Law 3592/2007, it does not satisfy the provisions of Article 3(3) of Greek Law 3592/2007, in particular 35% in each of the two markets (television and newspapers) and 32% of the two markets combined, and so DIMERA will not have a dominant position in these two markets upon completion of the transaction and so it is not likely that a concentration of control will occur.

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