Tuesday, 05 November 2019 13:17

Decision 695/2019

Decision on the proposed acquisition by ‘‘Olympia Group Ltd’’, over the companies ‘‘Media Saturn Electronics Hellas Commercial Holding SA’’ and ‘‘Media-Saturn Griechenland Beteiligungen GmbH’’.

 

Decision 695/2019
File (PDF) Decision 695/2019
Date of Publication of Decision November 5th, 2019
Issue Number of Government Bulletin 3424/B/14.08.2020 
Relevant Market -The electrical and electronic appliances sector with sub-markets (a) wholesale (i) 'white' electrical appliances such as refrigerators, washing machines, kitchens, etc., (ii) 'black' image and audio devices such as televisions, video, amplifiers, etc., (iii) air conditioners, (iv) electrical appliances such as mixers, coffee makers, etc., and v) computers, fax machines, telephone, etc. and (b) the retail sale of the abovementioned products and appliances, carried out by retail stores of electronics and electrical consumer goods.
Proceedings Merger 
Legal Framework Phase II (Article 8 (4) of the Greek Competition Act 3959/2011)
Decision  Clearance
Acquiring Company Olympia Group Ltd
Target Companies Media Saturn Electronics Hellas Commercial and Holding S.A. και Media-Saturn Griechenland Beteiligungen GmbH 
Summary of Decision

The Hellenic Competition Commission approved, under Article 8 par. 6 and 8 of the Greek Competition Act 3959/2011, the proposed acquisition, from Olympia Group Ltd over companies Media Saturn Electronics Hellas Commercial Holding SA and Media-Saturn Griechenland Beteiligungen GmbH, in order that the acquirer gains sole control over the retail stores of electronics and electrical consumer goods that operate under the trademark Media Markt in Greece. According to the decision, the notified transaction does not raise serious doubts as to its compatibility with competition rules in the relevant markets.

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