Monday, 02 November 2015 08:29

Decision 619/2015

Clearance of the acquisition by Selonda Aquaculture S.A. of Dias Aquaculture S.A. through the acquisition of all the assets and part of the liabilities of the latter, on the basis of a consolidation agreement in accordance with Arts 99 et seq. of the Bankruptcy Code (L. 3588/2007, as in force)

Decision 619/2015
File (PDF) Decision 619/2015
Date of Publication of Decision November 2nd, 2015
Issue Number of Government Bulletin
Relevant Market Aquaculture sector
Subject of the Decision Merger
Legal Framework Phase Ι (Article 8 par. 3 L. 3959/2011)
Operative part of the Decision Clearance
Acquiring company(ies) Selonda Aquaculture S.A.
Target company

Dias Aquaculture S.A.

Summary of Decision

By its unanimous Decision No. 619/2015, the Hellenic Competition Commission (HCC) cleared the notified acquisition by Selonda Aquaculture S.A. of Dias Aquaculture S.A. through the acquisition of all the assets and part of the liabilities of the latter, following a consolidation agreement of 30.4.2015 in accordance with Articles. 99 et seq. of the Bankruptcy Code (Law 3588/2007, as amended).

The business activities of both companies are as follows: a) production and distribution of fresh Mediterranean fish (sea bream and sea bass), b) production and distribution of Mediterranean fish farming and c) production and distribution of fish feed. By its decision, the Commission held that the above concentration, which refers primarily to the fish farming sector, does not give rise to serious doubts as to its compatibility with the competition requirements in the individual markets concerned.

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