Wednesday, 20 February 2019 14:06

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.

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) -
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