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Decision 840/2024 |
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| File (PDF) | Decision 840/2024 | |
| Date of Issuance of Decision | January 19th, 2024 | |
| Issue Number of Government Gazette | ||
| Relevant Market |
The market for organised beaches |
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| Subject of the Decision | Clearance decision on the notified concentration, pursuant to articles 5-10 of Law 3959/2011, concerning the acquisition of joint control by the companies “TOURISM ENTERPRISES OF MESSINIA S.A.”, “LITTI ENTERPRISES COMPANY LIMITED” and “INTRACOM S.A. HOLDINGS” over the company under the name “ATHENS BEACH CLUB SINGLE MEMBER S.A.” | |
| Legal Framework |
Article 6 of Law 3959/2011 |
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Operative part of the Decision |
The Hellenic Competition Commission, in Chamber, unanimously approved the notified concentration pursuant to Article 8 (3) of Law 3959/2011 under ref. no. 8957/16.11.2023 concerning the acquisition of joint control by the companies under the names “TOURISM ENTERPRISES OF MESSINIA S.A.”, “LITTI ENTERPRISES COMPANY LIMITED” and “INTRACOM S.A. HOLDINGS” over the company under the name “ATHENS BEACH CLUB SINGLE MEMBER S.A.” as, although falling within the scope of Article 6(1) 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 |
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| Summary of Decision |
According to the evidence in the case file, from among the companies “TOURISM ENTERPRISES OF MESSINIA S.A.”, “INTRACOM VENTURES”, a subsidiary of “INTRACOM S.A. HOLDINGS”, and “LITTI ENTERPRISES COMPANY LIMITED”, the former company will effect a share transfer to each of the latter two companies representing one third (1/3) of the share capital of “ATHENS BEACH CLUB SINGLE MEMBER S.A.”. There are no affected markets at a horizontal and/or vertical level in the concentration considered, as the following statutory criteria are not cumulatively met in any relevant market: a) activity of at least two (2) of the parties to the concentration and a combined market share of at least 15% (regarding the horizontally affected markets) or b) activity of at least one of the parties to the concentration and a combined market share of at least 25% (regarding the vertically affected markets). In this respect, according to the evidence in the case file, the concentration is not expected to give rise to any conglomerate effects. |
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| Judicial Means | - | |
| Decisions by the Court of Appeal of Athens (Administrative Division) | - | |
