Tuesday, 22 September 2015 08:29

Decision 615/2015

Clearance of the transaction notified by INTERBETON S.A. and POLYECO S.A, consisting in the establishment of a joint venture under the name ECORECOVERY S.A.

Decision 615/2015
File (PDF) Decision 615/2015
Date of Publication of Decision September 22nd, 2015
Issue Number of Government Bulletin
Relevant Market Waste Management
Subject of the Decision Merger
Legal Framework Phase Ι(Article 8 par. 6 L. 3959/2011)
Operative part of the Decision Clearance
Acquiring company(ies)

1. INTERBETON S.A.

2. POLYECO S.A.
Target company

ECORECOVERY S.A.

Summary of Decision

By its unanimous Decision No. 616/2015, the competent Chamber of the Hellenic Competition Commission approved, under Greek merger control rules, the proposed creation of a joint venture, under the name Ecorecovery S.A., which will be active in the production and marketing of secondary (alternative) fuels through the management and processing of solid waste for energy recovery, INTERBETON and POLYECO.

In its decision, the Commission considered that the above concentration, which primarily concerns the sector of solid waste management services for energy recovery as well as the downstream market for solid waste energy recovery, through its usage as alternative fuels, does not raise serious doubts as to its compatibility with competition rules in the relevant markets concerned by the concentration.

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