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Decision 862/2024 |
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| File (PDF) | Decision 862/2024 | |
| Date of Issuance of Decision | 01/11/2024 | |
| Issue Number of Government Gazette | 4610/B’/25.08.2025 | |
| Relevant Market |
Fresh and frozen beef market. Fresh and frozen pork market. |
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| Subject of the Decision |
Clearance decision on the notified concentration under ref. no. 6029/09.09.2024 concerning the acquisition of sole control by the company “Tönnies International Management GmbH” over the companies under the names “Vion GmbH” and “Vion Beef B.V.” as well as over the latter’s direct and indirect subsidiaries, namely “Vion Beef Süd GmbH”, “Vion Waldkraiburg GmbH”, “Vion Crailsheim GmbH”, “Vion Move GmbH”, “Vion Hilden GmbH”, “CEMO GmbH” and “Best Hides GmbH”, within the meaning of Articles 5 (2) (b) and 10 of Law 3959/2011. |
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| Legal Framework |
Article 6 of Law 3959/2011. |
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Operative part of the Decision |
The Hellenic Competition Commission, in Chamber sitting, unanimously approved, pursuant to Article 8 (3) f Law 3959/2011, the notified concentration under ref. no. 6029/09.09.2024 concerning the acquisition of sole control by the company “Tönnies International Management GmbH” over the companies under the names “Vion GmbH” and “Vion Beef B.V.” as well as over the latter’s direct and indirect subsidiaries, namely “Vion Beef Süd GmbH”, “Vion Waldkraiburg GmbH”, “Vion Crailsheim GmbH”, “Vion Move GmbH”, “Vion Hilden GmbH”, “CEMO GmbH” and “Best Hides GmbH” as, 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 individual markets concerned. | |
| Company(ies) concerned |
Tönnies International Management GmbH Vion GmbH Vion Beef B.V. |
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| Summary of Decision |
According to Article 8 (3) of Law 3959/2011, where the HCC finds that the notified concentration, although falling within the scope of Article 6(1), does not raise serious concerns as to its compatibility with competition rules in the individual markets concerned, it shall issue a decision approving the concentration within one (1) month from notification. According to Article 7(1) of Law 3959/2011, a key criterion in merger control is whether or not the concentration under assessment significantly restricts competition in the national market or in a substantial part thereof, in particular by creating or strengthening a dominant position. There are no affected markets at a horizontal and/or vertical level in the concentration considered, as the following statutory criteria are not cumulatively met in any relevant market: a) activity of at least two (2) of the parties to the concentration and a combined market share of at least 15% (regarding the horizontally affected markets) or b) activity of at least one of the parties to the concentration and a combined market share of at least 25% (regarding the vertically affected markets). In that regard, according to the evidence in the case file, the concentration is not expected to give rise to any conglomerate effects. Therefore, any further substantive assessment of the notified concentration is unnecessary, as it is not expected to affect the level of competition or lead to a restriction thereof in the relevant markets concerned. |
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| Judicial Means | - | |
| Decisions by the Court of Appeal of Athens (Administrative Division) | - | |
