Tuesday, 19 December 2023 14:21

Decision 837/2023

Clearance decision on the notified concentration, pursuant to Article 6 of Law 3959/2011, concerning the acquisition by “MYTILINEOS S.A.” of sole control over “IMERYS BAUXITES S.A.”

Decision 837/2023

File (PDF) Decision 837/2023
Date of Issuance of Decision December 19th, 2023
Issue Number of Government Gazette 4656/ Β΄/09.08.2024
Relevant Market

1. Production and marketing of Greek Monohydrate/Diasporic Bauxite mining and sale

2. Production and sale of alumina

Subject of the Decision

Clearance decision on the notified concentration, pursuant to Article 6 of Law 3959/2011, concerning the acquisition by “MYTILINEOS S.A.” of sole control over “IMERYS BAUXITES S.A.”, following the relevant Statement of Objections by the Commissioner-Rapporteur Pantelis Borovas.

Legal Framework

Articles 5-10 of Law 3959/2011.

Operative part of the Decision

The Hellenic Competition Commission (HCC), in Plenary sitting, unanimously approved, according to Article 8 (3) of Law 3959/2011, the notified concentration under ref. no 7412/28.09.2023 concerning the acquisition by “MYTILINEOS S.A.” of sole control over “IMERYS BAUXITES S.A.” as, albeit falling within the scope of paragraph 1 of Article 6 of Law 3959/2011, it does not raise serious concerns as to its compatibility with competition rules in the individual markets concerned thereby.

Company(ies) concerned

1. “MYTILINEOS S.A.”

2. “IMERYS BAUXITES S.A.”

Summary of Decision

The concentration examined is vertical in nature as the parties to the transaction operate at different levels of the supply chain. In the light of the evidence in the case file, it is estimated that the conditions for input or customer foreclosure of the new entity’s competitors are not met.

Judicial Means -
Decisions by the Court of Appeal of Athens (Administrative Division) -

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