Hellenic Competition Commission

Wednesday, 15 April 2020 13:17

Decision 709/2020

Decision on concentration between “doValue S.p.A.” (either itself or a subsidiary designated by doValue SpA) acquiring sole control over “Eurobank Financial Planning Services (FPS) Loan and Credit Claim Management Company SA” and (if do Value SpA exercises the relevant option right) over “REAL ESTATE MANAGEMENT SA”.

Decision 709/2020
File (PDF) Decision 709/2020
Date of Publication of Decision April 15th, 2020
Issue Number of Government Bulletin 3421/B/14.08.2020
Relevant Market Market for claim management of loans and credit to individuals and companies with and without collateral.
Proceedings

Merger

Legal Framework Phase I (Article 8(3) of the Greek Competition Act 3959/2011)
Decision Clearance
Acquiring Company DoValue S.p.A.
Target Company Eurobank Financial Planning Services (FPS) Loan and Credit Claim Management Company SA
Summary of Decision

The Hellenic Competition Commission approved, pursuant to Art. 8(3) of the Greek Competition Act  3959/2011, the proposed transaction notified on 17/01/2020, which concerns the acquisition of sole control by “doValue S.p.A.” (either itself or a subsidiary designated by do ValueSpA) over “Eurobank Financial Planning Services (FPS) Loan and Credit Claim Management Company SA” and (if do Value SpA exercises the relevant option right) over the newly established “REAL ESTATE MANAGEMENT SA”.

More specifically, the Hellenic Competition Commission found that the proposed concentration, which concerns the broader market for claim management of loans and credit to individuals and companies with and without collateral, while falling within the scope of Art. 6(1) of Greek Law 3959/2011, does not raise any serious doubts as to its compatibility with the competition rules in the relevant markets involved. The transaction does not result in a substantial change in the market structure by creating or strengthening individual or collective dominance.

Judicial Means -
Decisions by the Court of Appeal of Athens(Administrative Division) -
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