| 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) | - |
