| Decision 679/2019 | |
|---|---|
| File (PDF) | Decision 679/2019 |
| Date of Publication of Decision | February 20th, 2019 |
| Issue Number of Government Bulletin | 3812/Β΄/15.10.2019 |
| Relevant Market | Television, Radio |
| Proceedings | Merger |
| Legal Framework | Phase I (Article 8 par. 3 of the Greek Competition Act 3959/2011) |
| Decision | Clearance |
| Acquiring Companies |
1. NEVINE HOLDINGS LIMITED 2. MOTOR OIL (HELLAS) S.A. 3. ALPHA MEDIAGROUP LIMITED 4. DIMITRIS KONTOMINAS |
| Target Companies |
1. ALPHA SATELLITE TELEVISION S.A. 2. ALPHA RADIO S.A. 3. ALPHA RADIO KRONOS S.A. |
| Summary of Decision | In plenary session the Hellenic Competition Commission, in an open vote, unanimously cleared, pursuant to Article 8(6) of the Greek Competition Act 3959/2011, the concentration for which notice was given on 9/11/2018. Although the concentration falls within the scope of Article 6(1) of the Greek Competition Act 3959/2011, it does not fall within the scope of Article 3 of Greek Law 3592/2007, since paragraph 3 is not satisfied i.e. the contracting companies do not hold 35% of the market share in the television and radio market. Therefore, since the concentration will not give rise to a dominant position, it is unlikely that a concentration of control will be created and that competition will be significantly limited under Article 7(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) | - |
Wednesday, 20 February 2019
Decision 679/2019
Decision on the proposed acquisition of joint control by the companies NEVINE HOLDINGS LIMITED, MOTOR OIL (HELLAS) S.A., ALPHA MEDIA GROUP LIMITED and DIMITRIS KONTOMINAS over ALPHA SATELLITE TV S.A., ALPHA RADIO S.A. and ALPHA RADIO KRONOS S.A.
