Wednesday, 01 May 2024 09:37

Decision 847/2024

Clearance decision on the notified concentrations under ref. nos. 313/19.01.2024 and 314/19.01.2024, pursuant to Articles 5-10 of Law 3959/2011, concerning, respectively: a) the creation of a joint venture through the acquisition of joint control by the companies HELLENIC WINERIES S.A. and TOURISM ENTERPRISES OF MESSINIA S.A. and b) the change in the control over the company NAVARINO VINEYARDS S.A. AGRICULTURAL WINEMAKING COMMERCIAL AND INDUSTRIAL SINGLE MEMBER S.A (NAVARINO VINEYARDS) from sole to joint control by the companies PREMIA PROPERTIES and TOURISM ENTERPRISES OF MESSINIA S.A.

Decision 847/2024

File (PDF) Decision 847/2024
Date of Issuance of Decision May 1st, 2024
Issue Number of Government Gazette 4054/Β΄/28.07.2025
Relevant Market
  1. Cultivation/production of grapes for winemaking
  2. Wine production and bottling
  3. Distribution/marketing of bottled wine
  4. Distribution/marketing of bottled tsipouro
  5. Real estate services
  6. Olive oil production/marketing
  7. Provision of hotel accommodation services
Subject of the Decision

Clearance decision on the notified concentrations under ref. nos. 313/19.01.2024 and 314/19.01.2024, pursuant to Articles 5-10 of Law 3959/2011, concerning respectively: a) the creation of a joint venture through the acquisition of joint control by the companies HELLENIC WINERIES S.A. and TOURISM ENTERPRISES OF MESSINIA S.A. and b) the change in the control over the company NAVARINO VINEYARDS S.A. AGRICULTURAL WINEMAKING COMMERCIAL AND INDUSTRIAL SINGLE MEMBER S.A. (NAVARINO VINEYARDS) from sole to joint control by the companies PREMIA PROPERTIES and TOURISM ENTERPRISES OF MESSINIA S.A.

Legal Framework

Articles 5-10 of Law 3959/2011

Operative part of the Decision

By its Decision No. 847/2024, adopted on May 1st, 2024, the Hellenic Competition Commission (HCC), in Chamber sitting, unanimously approved the notified concentrations, concerning a) the creation of a joint venture through the acquisition of joint control by the companies HELLENIC WINERIES S.A. and TOURISM ENTERPRISES OF MESSINIA S.A. and b) the change in the control over the company NAVARINO VINEYARDS S.A. AGRICULTURAL WINEMAKING COMMERCIAL AND INDUSTRIAL SINGLE MEMBER S.A. (NAVARINO VINEYARDS) from sole to joint control by the companies PREMIA PROPERTIES and TOURISM ENTERPRISES OF MESSINIA S.A., as a single concentration, which, although falling within the scope of Article 6 (1) of Law 3959/2011, it does not raise serious concerns as to its compatibility with competition rules in the markets concerned thereby.

Company(ies) concerned
  1. HELLENIC WINERIES S.A.
  2. TOURISM ENTERPRISES OF MESSINIA S.A.
  3. PREMIA PROPERTIES
  4. NAVARINO VINEYARDS S.A. AGRICULTURAL WINEMAKING COMMERCIAL AND INDUSTRIAL SINGLE MEMBER S.A.
Summary of Decision According to the Decision, in the absence of horizontally and vertically affected markets, the transaction under review does not alter the structure of the relevant markets concerned and is not expected to affect the level of competition therein. Therefore, it does not raise serious concerns as to its compatibility with competition rules.
Judicial Means -
Decisions by the Court of Appeal of Athens (Administrative Division) -

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