Wednesday, 26 October 2016 10:46

Decision 632/2016

Decision on the proposed acquisition of 70% of the shares in AUTODEAL S.A. and HYUNDAI HELLAS S.A. by a company of the VASILAKI Group. 

Decision 632/2016
File (PDF) Decision 632/2016
Date of Publication of Decision October 26th, 2016
Issue Number of Government Bulletin  
Relevant Market Vehicles, Spare Parts, Repair Services
Proceedings Merger
Legal Framework Phase I (Article 8 par. 3 of the Greek Competition Act 3959/2011)
Decision Clearance
Acquiring Company DERASCO TRADING LIMITED
Target Companies

1. AUTODEAL S.A.

2. HYUNDAI 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 concentration concerning the acquisition of 70% of the shares in each of the following companies: AUTODEAL S.A. and HYUNDAI HELLAS S.A. by DERASCO TRADING LIMITED, a company of the VASILAKI Group.

The Commission decided that the concentration, which concerns, primarily, the market for the distribution of new passenger vehicles, the provision of repair services and the sale of spare parts for vehicles, does not raise any serious doubts as to its compatibility with merger control rules in the relevant markets.

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