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Decision 784/2022 | |
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| File (PDF) | Decision 784/2022 |
| Date of Issuance of Decision | 27 June 2022 |
| Issue Number of Government Bulletin | |
| Relevant Market |
The chocolate products market, in general, the relevant sub-markets, the cocoa powder market, while there are no affected markets in this concentration |
| Subject of the Decision | Decision on the notification of concentration under article 6 (1-3) of L. 3959/2011, concerning the acquisition of direct sole control by BESPOKE SGA HOLDINGS S.A. over the companies ION SOCIETE ANONYME INDUSTRY AND TRADE OF COCOA AND CHOCOLATE and I. KOTSIOPOULOS BROS S.A. following the Statement of Objections under ref. no. 6295/24.06.2022 by the Commissioner-Rapporteur I. Stefatos. |
| Legal Framework | Articles 6-8, L. 3959/2011 |
| Operative part of the Decision | The Hellenic Competition Commission (HCC), in Chamber, unanimously approved the notified concentration, considering that, although it falls within the scope of Article 6 (1) of L. 3959/2011, it does raise serious concerns as to its compatibility with competition rules in the individual markets concerned thereby. |
| Company(ies) concerned |
1. BESPOKE SGA HOLDINGS S.A. 2. ION SOCIETE ANONYME INDUSTRY AND TRADE OF COCOA AND CHOCOLATE 3. I. KOTSIOPOULOS BROS S.A. |
| Summary of Decision |
According to the Decision, this concentration does not have a horizontal or vertical dimension in any relevant market, as the acquiring company and the target companies do not have a pre-existing competitive relationship with each other, neither as direct competitors nor as (potential) customers or suppliers, nor in the markets in which the acquiring companies operate, namely the chocolate products sector. Therefore, there are no affected markets, and the proposed concentration cannot bring any change in the market shares in the relevant markets concerned, the market structure and, thus, in the market structure. In addition, no conglomerate effects are expected (concerning the heterogeneous activities of the participating companies), as the parties are not active (directly or indirectly) or in closely related adjacent markets (such as markets with complementary products or products purchased from the same consumer group for the same end use). |
| Judicial remedies | - |
| Decisions by the Court of Appeal of Athens (Administrative Division) | - |
Monday, 27 June 2022
Decision 784/2022
Decision on the notification of a concentration, under article 6 (1-3) of L. 3959/2011, concerning the acquisition of direct sole control by BESPOKE SGA HOLDINGS S.A. over the companies ION SOCIETE ANONYME INDUSTRY AND TRADE OF COCOA AND CHOCOLATE and I. KOTSIOPOULOS BROS S.A. following the Statement of Objections under ref. no. 6295/24.06.2022 by the Commissioner-Rapporteur I. Stefatos.
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