Thursday, 14 November 2013 00:00

Decision 579/2013

Decision on the prior notification of a concentration, pursuant to Article 5 and 10of L. 3959/2011, regarding the acquisition of sole control of the Group of companies “Skrill Group Limited” by the company under the name “CVC Capital Partners SICAV- FIS S.A”.

Decision 579/2013
File (PDF) Decision 579/2013
Date of Issuance of Decision

November 14th, 2013

Government Gazette Issue No
Relevant Market

E-wallet services, Processing payments, Payments via invoice or by installments, Prepaid MasterCard, Online Banking, Remittances, Mobile Payments, Prepaid Vouchers

Subject of the Decision


Legal Framework

Phase Ι (Article 8 par. 3 of L. 3959/2011)

Operative part of the Decision


Acquiring company(ies)


Target company (ies)


Summary of Decision

The competent Chamber of the Hellenic Competition Commission , unanimously approves, pursuant to article 8 par.3 of L. 3959/2011, the notified concentration concerning the acquisition of sole control over the Group of the companies of “Skrill Group Limited” by the company under the name “CVC Capital Partners SICAV-FIS S.A.”, given that the notified concentration does not raise  serious doubts as to its compatibility with the competition rules  in the relevant markets concerned. 

In the light of the above, the concentration under question is not expected to significantly affect or otherwise impede the effective competition in the relevant markets to which it relates, as companies controlled directly or indirectly by the CVC Group (acquirer) are not active in the same relevant markets as the acquiring company, nor in a previous or next stage of it, in the Greek territory. Therefore, there are, in this case, no horizontal or vertical overlaps between the acquiring and the acquirer company, and no affected markets arise within the meaning of the provisions in force. Thus, according to the decision, there will be no substantial change in the structure of the relevant markets, actual or potential competition, the position of the acquired company and the choice of alternatives for suppliers and customers in the Greek market, after the concentration was has been concluded.

Judicial Means

Final. No appeal.

Decisions by the Court of Appeal of Athens (Administrative Division)


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