Tuesday, 31 March 2020

Decision 707/2020

Decision on the concentration between «OCEAN  RAIL LOGISTICS S.A.» (OCEAN) (part of COSCO group) and  A. Panagopoulos acquiring joint control over «PIRAEUS EUROPE ASIA RAIL LOGISTICS LIMITED» (PEARL Ltd).

Decision 707/2020
File (PDF) Decision 707/2020
Date of Publication of Decision March 27th, 2020
Issue Number of Government Bulletin 2812/Β/13.7.2020
Relevant Market The market for the supply of freight forwarding services, the market for the supply of rail freight transport services and the market for the supply of container liner shipping services
Proceedings Merger
Legal Framework Phase I (Article 8(3) of the Greek Competition Act 3959/2011)
Decision Clearance
Acquiring Company «OCEAN  RAIL LOGISTICS S.A.» (OCEAN) (part of COSCO group) and  A. Panagopoulos
Target Company Piraeus Europe Asia Rail Logistics Limited (PEARL Ltd)
Summary of Decision The Hellenic Competition Commission, approved the proposed concentration, which was notified on 6/12/2019, since it does not raise any serious doubts as to its compatibility with the competition rules in the relevant markets involved..
Judicial Means Final. Decision has not been appealed
Decisions by the Court of Appeal of Athens(Administrative Division) -
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