Thursday, 09 May 2019 18:34

Decision 684/2019

Decision on the proposed acquisition of the remaining shares in PIONEER HI-BRED HELLAS S.A. by current shareholder PIONEER SEED HOLDING ΝEDERLAND B.V., a company of the DowDuPont conglomerate, shifting ownership from joint to sole.

Decision 684/2019
File (PDF) Decision 684/2019
Date of Publication of Decision May 9th, 2019
Issue Number of Government Bulletin Β/759/10.03.2020
Relevant Market Production, distribution and sale of seeds – materials for plant propagation and production
Proceedings Merger
Legal Framework Phase I (Article 8(3) of the Greek Competition Act 3959/2011)
Decision Clearance   
Acquiring Company PIONEER SEED HOLDING ΝEDERLAND B.V
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 concentration which concerns the transition of ownership of the company PIONEER HI-BRED HELLAS S.A. from joint to sole, through the acquisition of the remaining shares by current shareholder PIONEER SEED HOLDING NEDERLAND B.V., a subsidiary of the DowDuPont conglomerate. The Commission decided that this transaction, which concerns the wider market of production, distribution and sale of seeds – materials for plant propagation and production 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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