| Decision 661/2018 | |
|---|---|
| File (PDF) | Decision 661/2018 |
| Date of Publication of Decision | July 6th, 2018 |
| Issue Number of Government Bulletin | 2890/Β΄/17.07.2020 |
| Relevant Market | Provision of hotel services |
| Proceedings | Merger |
| Legal Framework | Phase I (Articles 8 par.3 of the Greek Competition Act 3959/2011) |
| Decision | Clearance |
| Acquiring Company | EVERGOLF TOURIST INVESTMENTS S.A. |
| Target Company | GOLF RESIDENCES S.A. |
| Summary of Decision | The Plenary of the Hellenic Competition Commission unanimously cleared, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, the concentration, which concerns the acquisition of 70% of the shares in ‘‘GOLF RESIDENCES S.A.’’ by ‘‘EVERGOLF TOURIST INVESTMENTS S.A.’’, since the transaction, while falling within the scope of Article 6(1) of the Greek Competition Act 3959/2011, does not raise any doubts as to its compatibility with merger control rules in the relevant market. |
| Judicial Means | Final. Decision has not been appealed |
| Decisions by the Court of Appeal of Athens(Administrative Division) | - |
Friday, 06 July 2018
Decision 661/2018
Decision on the proposed acquisition of 70% of the shares in ‘‘GOLF RESIDENCES S.A.’’ by ‘‘EVERGOLF TOURIST INVESTMENTS S.A.’’.
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