The relevant markets for the provision of maritime transport services, namely i) maritime passenger transport services, ii) maritime transport services for private vehicles (cars and motorcycles) and iii) maritime transport services for private and commercial trucks.

The relevant market for the provision of hotel services.

Decision on the notified concentration under ref. no. 1374/13.02.2023, pursuant to Article 6 (1-3) of Law 3959/2011, concerning the acquisition by the company under the name “PIRAEUS BANK S.A.”, by means of a mandatory public offer, of sole control over the company under the name “MARFIN INVESTMENT GROUP HOLDING COMPANY S.A.”

Articles 5-10 of Law 3959/2011

Operative part of the Decision

The Hellenic Competition Commission, in Plenary sitting, unanimously approved, under article 8(3) of Law 3959/2011, the notified concentration under ref. no. 1374/13.02.2023 concerning the acquisition by the company under the name “PIRAEUS BANK S.A.”, by means of a mandatory public offer, of sole control over the company under the name “MARFIN INVESTMENT GROUP HOLDING COMPANY S.A.” (now “MIG INVESTMENT GROUP HOLDING COMPANY S.A.”), as, although falling within the scope of Article 6 (1) of the Greek Law 3959/2011, it does not raise serious concerns as to its compatibility with competition rules in the individual markets concerned.

1. “PIRAEUS BANK S.A.”
2. “MARFIN INVESTMENT GROUP HOLDING COMPANY S.A.”

In view of the above facts, the HCC has assessed the effects of the concentration in question on competition taking into account a series of alternative scenaria regarding the materialisation (or not) of the concentrations ATTICA/ANEK and Blantyre/ATTICA. Based on the information and the clear confirmation provided by the parties that the acquisition of sole control by Blantyre over ATTICA, which has been approved by the HCC decision no 811/2023, will be completed, the Hellenic Competition Commission has decided that competition conditions will not change as a result of the transaction in question, while potential effects on competition in the ferry markets for passengers and vehicles will be examined in the context of the notified merger by acquisition of “ΑΝΕΚ” by “ATTICA”.

In view of the above, the Hellenic Competition Commission, in Plenary Session, unanimously approved, under article 8(3) of Law 3959/2011, the notified concentration as, although falling within the scope of article 6(1) of the Greek Law 3959/2011, it does not raise serious concerns as to its compatibility with competition rules in the individual markets concerned.