Monday, 10 February 2020 11:00

Decision 700/2020

Decision on the proposed acquisition of sole control by “MOTOR OIL (HELLAS), CORINTH REFINERIES S.A.” through the company “MEDIAMAX HOLDINGS LIMITED” over the operations of the companies “Alpha Satellite Television S.A”, “Alpha Radio S.A.” and “Alpha Radio Kronos S.A.”.
Decision 700/2020
File (PDF) Decision 700/2020
Date of Publication of Decision February 10th, 2020
Issue Number of Government Bulletin ΦΕΚ Β΄/4149/28.9.2020
Relevant Market

(1)The market of television information media

(2) The market of radio media

(3)The market of non-information radio

Proceedings Merger
Legal Framework

Articles 5-10 of the Greek Competition Act 3959/2011 and Article 3 of the Greek Law 3592/2007

Decision

Clearance

Acquiring Company Motor Oil (Hellas) Corinth Refineries S.A. through its wholly-owned subsidiary holding company “Mediamax Holdings Limited”
Target Company

Alpha Satellite Television S.A,

Alpha Radio S.A.

and Alpha Radio Kronos S.A

Summary of Decision

The HCC approved the proposed transaction, notified to the Commission on 18.12.2019, consisting in the acquisition of sole control by the company “Motor Oil (Hellas) Corinth Refineries S.A.”, through its wholly-owned subsidiary holding company “Mediamax Holdings Limited”, over the companies Alpha Satellite Television S.A, Alpha Radio S.A. and Alpha Radio Kronos S.A, even though it falls within the scope of article 6(1) of the Greek Competition Act 3959/2011 (on non media markets) and article 3 of the Greek Law 3592/2007 (on the media market), falls, on the one hand, below the thresholds of article 3(3) of the Greek law Ν.3592/2007, i.e. below 35% in each of the television and radio markets concerned and, therefore, the notifying company may not hold a dominant position in the relevant media markets involved.  On the other hand, the concentration does not raise serious doubts as to its compatibility with competition rules in the relevant markets under article 8(3) of L. Ν.3959/2011.

Judicial Means -
Decisions by the Court of Appeal of Athens(Administrative Division) -
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