Friday, 14 May 2021 10:10

Decision 735/2021

Clearance by the Hellenic Competition Commission of the concentration concerning the acquisition of sole control by “TEFORTO HOLDINGS LIMITED” (a subsidiary MOTOR OIL GROUP) over the companies “AIOLIKO PARKO AETOS ENERGY SA,” “AIOLIKI HELLAS INDUSTRIAL & ENERGY SA”, “AIOLIKO PARKO KATO LAKOMATA ANONYMI ENERGEIAKI ETAIRIA”, “VIOTIA AIOLOS PRODUCTION AND EXPLOITATION OF ENERGY SA”, “ANEMOS MAKEDONIAS ANONYMI ENERGEIAKI ETAIRIA” and “AIOLOS ANAPTIKSIAKI KAI SIA FTHIOTIDA SA”

Decision 735/2021
File (PDF) Decision 735/2021
Date of Publication of Decision May 14th, 2021
Issue Number of Government Bulletin
Relevant Market  Production and supply of electricity at the a) wholesale and b) retail level
Subject of the Decision Merger
Legal Framework Phase Ι(Article 8(3) of the Greek Competition Act 3959/2011)
Decision

Clearance

Company(ies) concerned

TEFORTO HOLDINGS LIMITED

AIOLIKO PARKO AETOS ENERGY SA,”

“AIOLIKI HELLAS INDUSTRIAL & ENERGY SA”,

“AIOLIKO PARKO KATO LAKOMATA ANONYMI ENERGEIAKI ETAIRIA”,

“VIOTIA AIOLOS PRODUCTION AND EXPLOITATION OF ENERGY SA”,

“ANEMOS MAKEDONIAS ANONYMI ENERGEIAKI ETAIRIA” and

“AIOLOS ANAPTIKSIA`KI KAI SIA FTHIOTIDA SA”

Summary of Decision By its unanimous Decision, the Chamber of the Hellenic Competition Commission approved, pursuant to Art. 8(3) of Greek Law 3959/2011, the proposed transaction notified on 31/3/2021, concerning the acquisition of sole control by “TEFORTO HOLDINGS LIMITED” (a subsidiary MOTOR OIL GROUP) over the companies a) “AIOLIKO PARKO AETOS ENERGY SA,” b) “AIOLIKI HELLAS INDUSTRIAL & ENERGY SA”, c) “AIOLIKO PARKO KATO LAKOMATA ANONYMI ENERGEIAKI ETAIRIA”, d) “VIOTIA AIOLOS PRODUCTION AND EXPLOITATION OF ENERGY SA”, e) “ANEMOS MAKEDONIAS ANONYMI ENERGEIAKI ETAIRIA” and f) “AIOLOS ANAPTIKSIAKI KAI SIA FTHIOTIDA SA”, as 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 -
Decisions by the Court of Appeal of Athens (Administrative Division) -
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