Monday, 02 December 2013 00:00

Decision 583/2013

Decision following prior notification, pursuant to Article 6 of L. 3959/2011, regarding the acquisition of control of the company “MOTOR OIL (HELLAS) CORINTH REFINERY S.A.” over the company “CYCLON HELLAS S.A.”

Decision 583/2013
File (PDF) Decision 583/2013
Date of Issuance of Decision

December 2nd, 2013

Government Gazette Issue No
Relevant Market

Vehicle lubricants/Industrial lubricants/Marine lubricants

Subject of the Decision

Merger

Legal Framework

Phase ΙI (Article 8 par. 6 and 8 of L. 3959/2011)

Operative part of the Decision

Clearance 

Acquiring company(ies)

CYCLON HELLAS S.A

Target company(ies)

MOTOR OIL (HELLAS) CORINTH REFINERY S.A

Summary of Decision

The Plenary Session of the Hellenic Competition Commission, under its no. 583/VII/2013 unanimous decision, approved the notified concentration with regard to the acquisition by the company “MOTOR OIL (HELLAS) CORINTH REFINERY S.A.” of the control over the company “CYCLON HELLAS S.A.”, pursuant to article 8 of L. 3959/2011.

The Hellenic Competition Commission considered that the concentration under question, which refers primarily to the petroleum industry, basic oils and lubricants products, does not raise serious doubts as to its compatibility with the competition rules in the relevant markets concerned.

Judicial Means  Final. No appeal.
Decisions by the Court of Appeal of Athens (Administrative Division) -
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