Monday, 27 June 2022

Decision 783/2022

Clearance decision on the notified concentration under ref. no 3775/15.04.2022, pursuant to articles 5-10 of L. 3959/2011, concerning the acquisition by “Fairfax Financial Holdings Limited” of sole control over “Grivalia Hospitality SA”.

Decision 783/2022

File (PDF) Decision 783/2022
Date of Issuance of Decision June 27th, 2022
Issue Number of Government Bulletin                                    7242/ Β΄/31.12.2022
Relevant Market

Provision of hotel and insurance services in the Greek territory

Subject of the Decision Merger
Legal Framework

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

Operative part of the Decision Clearance
Company(ies) concerned

1) «Fairfax Financial Holdings Limited»
2) «Grivalia Hospitality SA»

Summary of Decision

The Hellenic Competition Commission (HCC) in Chamber, unanimously approved pursuant to Art. 8(3) of Greek Law 3959/2011, the proposed transaction notified on 15/04/2022, concerning the change in the quality of control over Grivalia Hospitality, namely from the current joint control to sole control by the notifying party.
In the above decision, the Hellenic Competition Commission held that the concentration, which concerns the broader market for the provision of hotel and insurance services in the Greek territory, although falling within the scope of paragraph 1 of article 6 of Law 3959/2011, does not raise serious doubts as to its compatibility with competition rules in the individual markets concerned.

Judicial Means Judicial Means Final decision. No appeal.
Decisions by the Court of Appeal of Athens (Administrative Division) -
Μοιραστείτε το / Share it


Kotsika 1A & Patision
10434, Athens, Greece
210 8809100

Social Media


Copyright © 2024 Hellenic Competition Commission. All Rights Reserved.


Θέλετε να ενημερώνεστε; Want to be updated?

Aκολουθήστε μας στα κοινωνικά δίκτυα!
Follow us on Social Media!