Wednesday, 30 June 2021 10:10

Decision 738/2021

Clearance by the Hellenic Competition Commission (“HCC”) of the concentration concerning the acquisition by the company “TROPHY AUTO BRANDS” (“TROPHY”) of the entire share capital (100%) of the company “OPEL HELLAS” (“OPEL”)

Decision 738/2021
File (PDF) Decision 738/2021
Date of Publication of Decision June 30th, 2021
Issue Number of Government Bulletin
Publication pending
Relevant Market  Import/distribution of passenger cars and light commercial vehicles and import/distribution of spare parts and accessories
Subject of the Decision Merger
Legal Framework Phase Ι (Article 8 par. 3 N. 3959/2011)
Operative part of the Decision Clearance
Company(ies) concerned TROPHY AUTO BRANDS
OPEL HELLAS
Summary of Decision

By its unanimous Decision No. 738/2021, adopted on the 30th of June 2021, the Chamber of the HCC approved, pursuant to Art. 8(3) of Greek Law 3959/2011, the proposed transaction notified on 12/3/2021, concerning the acquisition by TROPHY of the entire share capital (100%) of OPEL.

Pursuant to the above decision, the HCC found that the proposed concentration, which concerns the markets for import/distribution of passenger cars and light commercial vehicles and import/distribution of spare parts and accessories, although it falls 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 concerned.

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