Monday, 22 March 2021 10:10

Decision 727/2021

Clearance of the proposed transaction, notified under ref. no. 1199/08.02.2021, consisting in the acquisition by the Cypriot company “BELTERRA INVESTMENTS LIMITED” of full and sole control over the Cypriot company “MELBERY INVESTMENTS LIMITED”, according to Articles 5-10 of L. 3959/2011, as in force.

Decision 727/2021
File (PDF) Decision 727/2021
Date of Publication of Decision March 22nd, 2021
Issue Number of Government Bulletin
Publication pending
Relevant Market  Port management
Subject of the Decision Merger
Legal Framework Article 6 L. 3959/2011
Operative part of the Decision

By its unanimous Decision, the Hellenic Competition Commission (HCC): 
“approved, according to Article 8 of L. 3950/2011, as in force, the proposed transaction notified on 08.02.2021 (Ref. no. 1199) consisting in the acquisition by the Cypriot company “BELTERRA INVESTMENTS LIMITED” of full and sole control over the Cypriot company “MELBERY INVESTMENTS LIMITED” through the purchase of 70% of the latter’s share capital, in addition to the 30% of its share capital that was already held by BELTERRA INVESTMENTS LIMITED, thus holding the 100% of the share capital of MELBERY INVESTMENTS LIMITED, considering that the above concentration, although it falls within the scope of Αrticle 6 (1) of Law 3959/2011, does not raise serious doubts as to its compatibility with merger control rules in the relevant markets concerned.

Company(ies) concerned

BELTERRA INVESTMENTS LIMITED

MELBERY INVESTMENTS LIMITED

Summary of Decision The completion of the merger is not expected to bring about any changes in the structure of the relevant markets, as it will not eliminate any substantial and active competitive pressure and, therefore, will not affect the level of competition in the relevant markets concerned and does not raise serious doubts as to its compatibility with merger control rules in these markets. 
Judicial Means -
Decisions by the Court of Appeal of Athens (Administrative Division) -
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