Monday, 27 June 2022

Press Release -  Clearance of Fairfax/ Grivalia

Subject: HCC clears the acquisition by «Fairfax Financial Holdings Limited» («Fairfax») of sole control over «Grivalia Hospitality SA» («Grivalia»)

On June, 27th, 2022, the Chamber of the Hellenic Competition Commission (HCC), by its decision 783/2022 unanimously approved, pursuant to Art. 8(3) of Greek Law 3959/2011, the proposed transaction notified on 15/04/2022, concerning the acquisition by Fairfax of sole control over Grivalia.

Pursuant to the above decision, the HCC found that the proposed concentration, which concerns the markets for the provision of hotel and insurance services does not raise any serious doubts as to its compatibility with the competition rules in the relevant markets concerned. 

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