Wednesday, 16 October 2019

Decision 691/2019

Decision on the proposed acquisition of 100% of the shares in OPEL HELLAS S.A. by George and Polychronis Syggelidis.

Decision 691/2019
File (PDF) Decision 691/2019
Date of Publication of Decision October 16th, 2019
Issue Number of Government Bulletin 1095/Β/31.3.2020
Relevant Market Importation/distribution of new vehicles, importation/distribution of spare parts and components
Proceedings Merger
Legal Framework Phase I (Article 8(3) of the Greek Competition Act 3959/2011)
Decision Clearance
Acquiring Company George and Polychronis Syggelidis
Target Company OPEL HELLAS S.A.
Summary of Decision Τhe Hellenic Competition Commission in plenary session unanimously cleared, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, the acquisition of 100% of the shares in OPEL HELLAS S.A. by George Syggelidis (upon which his son, Polychronis Syggelidis, indirectly acquired the control of the target company), since the transaction does not raise any doubts as to its compatibility with merger control rules in the relevant markets, even though it falls within the scope of Article 6(1) of the Greek Competition Act 3959/2011.  
Judicial Means Final. Decision has not been appealed
Decisions by the Court of Appeal of Athens (Administrative Division) -
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