Monday, 18 May 2015 08:29

Decision 611/2015

Clearance by the Hellenic Competition Commission of the acquisition of sole control by “OPAP SA” over the right for organising and conducting horse-race totalisator betting according to Article 6 of Law 3959/2011.

Decision 611/2015
File (PDF) Decision 611/2015
Date of Publication of Decision July 18th, 2015
Issue Number of Government Bulletin
Relevant Market Organising and Conducting Horse-race Totalisator Betting
Subject of the Decision Merger
Legal Framework Phase Ι(Article 8 par. 6 L. 3959/2011)
Operative part of the Decision Clearance
Acquiring company(ies)

OPAP S.A.

Target company

Acquisition of exclusive right for organising and conducting horse-race totalisator betting (IPPODROMIES S.A.) 

Summary of Decision

On December 1, 2014, the Competition Commission was notified of a transaction consisting in the acquisition by OPAP SA, through its subsidiary company ORAP Investment Limited, of the exclusive right of organising and conducting horse-race totalisator betting in Greece under a relevant concession agreement to be concluded with the company under the name Hellenic Republic Asset Development Fund S.A. (HRADF).

The business activities of OPAP SA are carried out in the gambling sector in general and the right conferred concerns the organisation and conduct of horse-race totalisator betting. Upon completion of the full assessment of the proposed transaction, it was considered that it does not give rise to serious doubts as to its compatibility with competition rules in the relevant markets concerned.

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