| Decision 695/2019 | |
|---|---|
| File (PDF) | Decision 695/2019 |
| Date of Publication of Decision | November 5th, 2019 |
| Issue Number of Government Bulletin | 3424/B/14.08.2020 |
| Relevant Market | -The electrical and electronic appliances sector with sub-markets (a) wholesale (i) 'white' electrical appliances such as refrigerators, washing machines, kitchens, etc., (ii) 'black' image and audio devices such as televisions, video, amplifiers, etc., (iii) air conditioners, (iv) electrical appliances such as mixers, coffee makers, etc., and v) computers, fax machines, telephone, etc. and (b) the retail sale of the abovementioned products and appliances, carried out by retail stores of electronics and electrical consumer goods. |
| Proceedings | Merger |
| Legal Framework | Phase II (Article 8 (4) of the Greek Competition Act 3959/2011) |
| Decision | Clearance |
| Acquiring Company | Olympia Group Ltd |
| Target Companies | Media Saturn Electronics Hellas Commercial and Holding S.A. και Media-Saturn Griechenland Beteiligungen GmbH |
| Summary of Decision |
The Hellenic Competition Commission approved, under Article 8 par. 6 and 8 of the Greek Competition Act 3959/2011, the proposed acquisition, from Olympia Group Ltd over companies Media Saturn Electronics Hellas Commercial Holding SA and Media-Saturn Griechenland Beteiligungen GmbH, in order that the acquirer gains sole control over the retail stores of electronics and electrical consumer goods that operate under the trademark Media Markt in Greece. According to the decision, the notified transaction does not raise serious doubts as to its compatibility with competition rules in the relevant markets. |
| Judicial Means | Final. Decision has not been appealed. |
| Decisions by the Court of Appeal of Athens(Administrative Division) | - |
