| Decision 594/2014 | |
|---|---|
| File (PDF) | Decision 594/2014 |
| Date of Publication of Decision | October 20th, 2014 |
| Issue Number of Government Bulletin | |
| Relevant Market |
Supply of insurance and reinsurance services |
| Subject of the Decision |
Merger |
| Legal Framework |
Phase I (Article 8 par. 3 L. 3959/2011) |
| Operative part of the Decision |
Clearance |
| Acquiring company(ies) |
ERGO International Aktiengesellschaft |
| Target company |
Agrotiki Asfalistiki SA |
| Summary of Decision |
By its Decision No. 594/2014, the Hellenic Competition Commission (HCC) approved the notified concentration regarding the acquisition of all the shares of the insurance company under the name “Agrotiki AsfalistikiSA.”by the company “ERGO International Aktiengesellschaft”. By its Decision, the Commission considered that the above concentration which refers to the wider market for the provision of insurance services, does not raise serious doubts as to its compatibility with the competition rules in the relevant markets concerned in the broader insurance sector. |
| Judicial Means | Final. No appeal. |
| Decisions by the Court of Appeal of Athens (Administrative Division) | - |
Monday, 20 October 2014
Decision 594/2014
Decision following prior notification of a concentration, according to article 6 par. 1-3 of L.3959/2011, regarding the acquisition of sole control over the insurancecompany “Agrotiki Asfalistiki SA” by the company “ERGO International Aktiengesellschaftof”.
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