Tuesday, 29 November 2016

Decision 633/2016

Decision on the proposed acquisition by HOME HOLDINGS S.A. over the company IONIAN HOTEL ENTERPRISES S.A.

Decision 633/2016
File (PDF) Decision 633/2016
Date of Publication of Decision November 29th, 2016
Issue Number of Government Bulletin  
Relevant Market Hotel Services
Proceedings Merger
Legal Framework Phase I (Articles 8 par.3 of the Greek Competition Act 3959/2011)
Decision Clearance
Acquiring Company  HOME HOLDINGS S.A.
Target Company


Summary of Decision

The Hellenic Competition Commission, pursuant to Art. 8(3) of Greek Law 3959/2011, approved the proposed concentration, which concerns the acquisition by HOME HOLDINGS S.A. over the company IONIAN HOTEL ENTERPRISES S.A. The concentration concerns the relevant hotel services market by (a) five-star hotels and (b) four- and five-star hotels, among which it cannot be ruled out that there may be sufficient degree of chain substitution.

The Competition Commission considers that this concentration, although it falls within the scope of par. 1 of article 6 of Law 3959/2011, does not cause 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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