| Decision 611/2015 | |
|---|---|
| File (PDF) | Decision 611/2015 |
| Date of Publication of Decision | July 18th, 2015 |
| Issue Number of Government Bulletin | |
| Relevant Market | Organising and Conducting Horse-race Totalisator Betting |
| 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) |
OPAP S.A. |
| Target company |
Acquisition of exclusive right for organising and conducting horse-race totalisator betting (IPPODROMIES S.A.) |
| Summary of Decision |
On December 1, 2014, the Competition Commission was notified of a transaction consisting in the acquisition by OPAP SA, through its subsidiary company ORAP Investment Limited, of the exclusive right of organising and conducting horse-race totalisator betting in Greece under a relevant concession agreement to be concluded with the company under the name Hellenic Republic Asset Development Fund S.A. (HRADF). The business activities of OPAP SA are carried out in the gambling sector in general and the right conferred concerns the organisation and conduct of horse-race totalisator betting. Upon completion of the full assessment of the proposed transaction, it was considered that it does not give rise to serious doubts as to its compatibility with competition rules in the relevant markets concerned. |
| Judicial Means | Final. Decision has not been appealed |
| Decisions by the Court of Appeal of Athens (Administrative Division) | -ΔΕΑ_1712_2019 |
