The market for the construction of public works,

The market for the construction of private works and the market for heavy-duty vehicle transport services.

Clearance decision on the notified concentration, pursuant to Articles 5 to 10 of Law 3959/2011, concerning the acquisition by “TERNA TOURISM TECHNICAL AND SHIPPING COMPANY S.A.” and the natural person ARIS SVOLOS of joint control over the companies under the names “AIGISTOS S.A. – TECHNICAL – CONSTRUCTION” and “S.A. SANTA PRIVATE COMPANY”, within the meaning of Article 5 (2) (b) of Law 3959/2011.

Articles 5-10 of Law 3959/2011.

Operative part of the Decision

The Hellenic Competition Commission, in Chamber sitting, unanimously approved, under article 8(3) of Law 3959/2011, the notified concentration under ref. no 6090/28.07.2023 concerning the acquisition by the company under the name “TERNA TOURISM TECHNICAL AND SHIPPING COMPANY S.A.” and the natural person ARIS SVOLOS of joint control over the companies under the names “AIGISTOS S.A. – TECHNICAL – CONSTRUCTION” and “S.A. SANTA PRIVATE COMPANY” as, albeit falling within the scope of article 6(1) of the Greek Law 3959/2011, it does not raise serious concerns as to its compatibility with competition rules in the individual markets concerned.

1. “TERNA TOURISM TECHNICAL AND SHIPPING COMPANY S.A.”
2.   ARIS SVOLOS
3. “AIGISTOS S.A. – TECHNICAL – CONSTRUCTION”
4. “S.A. SANTA PRIVATE COMPANY

According to the Decision, the transaction under assessment will not bring about any changes in the structure of the relevant markets concerned, as the conditions of competition in the above markets will not be affected thereby. Therefore, the transaction is not expected to affect the level of competition or lead to its restriction in the relevant markets concerned.