Hellenic Competition Commission

Tuesday, 21 July 2020 13:17

Decision 716/2020

Decision on the concentration between “SIDMA S.A.” (“SIDMA”) acquiring sole control over part of “BITROS Steel S.A.” (“BITROS”) through the acquisition of assets.

 

Decision 716/2020
File (PDF) Decision 716/2020
Date of Publication of Decision  July 21st, 2020
Issue Number of Government Bulletin 
Relevant Market

Distribution of flat steel and long steel products 

Proceedings  Merger 
Legal Framework  Phase I (Article 8(3) of the Greek Competition Act 3959/2011) 
Decision 

Clearance 

Acquiring Company  SIDMA S.A. 
Target Company  BITROS Steel S.A. 
Summary of Decision

The Chamber of the Hellenic Competition Commission approved, pursuant to Art. 8(3) of Greek Law 3959/2011, the proposed transaction notified on 08/05/2020, which concerns the acquisition by SIDMA of sole control over part of BITROS through the acquisition of assets. The proposed transaction 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.

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