Friday, 02 April 2021 13:21

Press Release - Statement of Objections in regard with the notification of acquisition by «OPAP SA» of sole control over the Greek and Cypriot activities of Kaizen Gaming

Subject: Statement of Objections, pursuant to Article 6(1)-(4) of Law No 3959/2011, in regard with the notification of acquisition by «OPAP SA» of sole control over the Greek and Cypriot activities regarding online games of «Kaizen Gaming International Ltd»

The Plenary of the Hellenic Competition Commission (HCC) will convene on May 27th, 2021, to examine, based on the relevant Statement of Objections (SO) by the Rapporteur, pursuant to Article 6(1)-(4) of L. 3959/2011, the notification of the acquisition by OPAP SA of sole control over the Greek and Cypriot activities regarding online games of Kaizen Gaming International Ltd (ex GML Interactive Limited) [1]

According to the SO, the notified party has infringed article 6 par 1 of L. No 3959/2011 and it is proposed the imposition of a fine according to Article 6(4) of the same Law.

It should be noted that the Statement of Objections is not binding on the HCC, which will decide on the basis of the available facts as well as the arguments put forward by the parties.

 

[1] The Hellenic Competition Commission (HCC) cleared on 01 March 2021, the acquisition of the above mentioned acquisition. Particularly, the HCC decided, according to article 8 par. 3 of L. 3959/11, that the notified transaction does not raise serious doubts as to its compatibility with merger control rules in the relevant markets concerned by the concentration. See also here.

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