Wednesday, 20 December 2023

Press Release – Approval of the acquisition of sole control by MYTILINEOS over IMERYS BAUXITES

Subject: Clearance of the concentration concerning the acquisition by MYTILINEOS SA of sole control over IMERYS BAUXITES SA

By its Decision no 837/2023, adopted on the 19th of December 2023, the Hellenic Competition Commission (HCC), in Plenary, unanimously approved, pursuant to Article 8 (3) of Greek Law 3959/2011, the notified concentration concerning the acquisition by MYTILINEOS SA of sole control over IMERYS BAUXITES SA, within the meaning of Article 5 (2b) of Greek Law 3959/2011.

Listed on the Athens Stock Exchange, MYTILINEOS SA is MYTILINEOS Group’s parent company. The Group is primarily active in the construction, energy and metallurgy sectors, while IMERYS BAUXITES excavates and sells bauxite. 

The HCC, by its decision, concluded that the concentration, vertical in nature, is not expected to affect the competitive conditions in any of the relevant markets concerned. Therefore, whereas the concentration falls within the scope of article 6(1) of Greek Law 3959/2011, the HCC, by its decision, concluded that it does not raise serious concerns as to its compatibility with competition rules in the relevant markets it concerns.

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