Monday, 04 November 2019 13:17

Decision 694/2019

Decision on the proposed change in the quality of control from sole to joint, by the Public Power Corporation Renewables SA and Volterra SA, of companies, VOLTERRA Likovouni Sole SA(SPV) and VOLTERRA K-R Sole SA (SPV).

 

Decision 694/2019
File (PDF) Decision 694/2019
Date of Publication of Decision November 4th, 2019
Issue Number of Government Bulletin Β΄/4159/28.9.2020
Relevant Market The electric energy sector: (a) the production and wholesale supply of electric energy (in particular the market for the production of electric energy from Renewable Sources) and (b) the retail supply of electric energy.
Proceedings  Merger 
Legal Framework Phase I (Article 8 (3) of the Greek Competition Act 3959/2011)
Decision  Clearance 
Acquiring Companies

Public Power Corporation Renewables SA and Volterra SA 

Target Companies VOLTERRA Likovouni Sole SA(SPV) and VOLTERRA K-R Sole SA (SPV) 
Summary of Decision

The Hellenic Competition, unanimously cleared in an open vote, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, the concentration, notified to it on 24/07/2019, which concerns the acquisition from the Public Power Corporation Renewables SA, subsidiary company of the Greek Public Power Corporation SA and from the VOLTERRA S.A,  subsidiary company of the Group  J&P AVAX S.A. over companies, VOLTERRA Likovouni Sole SA(SPV) and VOLTERRA K-R Sole SA (SPV), through change in the quality of control, from sole to joint, since it does not raise any doubts as to its compatibility with merger control rules in the relevant markets, even though it falls within the scope of Article 6(1) of the Greek Competition Act 3959/2011.

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