Hellenic Competition Commission

Thursday, 05 March 2020 13:17

Decision 705/2020

Decision on the proposed acquisition, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, of 99% of the shares in D MARINAS HELLAS S.A. by VENILIA INVESTMENTS S.A.R.L.

Decision 705/2020
File (PDF) Decision 705/2020
Date of Publication of Decision March 5th, 2020
Issue Number of Government Bulletin 2349/Β/16.06.2020
Relevant Market Port services
Proceedings Merger
Legal Framework Phase I (Article 8(3) of the Greek Competition Act 3959/2011)
Decision Clearance
Acquiring Company VENILIA INVESTMENTS S.A.R.L. 
Target Company D MARINAS HELLAS S.A.
Summary of Decision

The Chamber of the Hellenic Competition Commission unanimously cleared, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, the proposed transaction, for which notice was given to the Commission on 13/1/2020, which concerns the acquisition of 99% of the shares in D MARINAS HELLAS SA by VENILIA INVESTMENTS S.A.R.L. and, consequently, the acquisition of sole control by the latter over the former.

The Hellenic Competition Commission found that the proposed acquisition, which concerns the market for the provision of port services by marinas, while falling within the scope of Article 6(1) of the Greek Competition Act 3959/2011, does not raise any serious doubts as to its compatibility with merger control rules in the relevant market.

Judicial Means Final. Decision has not been appealed
Decisions by the Court of Appeal of Athens (Administrative Division) -
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