Tuesday, 22 October 2019

Press Release - Olympia Group Ltd Notification Examination

Subject: Examination of the prior notification of a merger concerning the acquisition of exclusive control by the company "Olympia Group Ltd" over the companies “Media Saturn Electronics Hellas Commercial and Holding S.A.” and “Media-Saturn Griechenland Beteiligungen GmbH”

The Plenary Session of the Hellenic Competition Commission (HCC) will meet on Tuesday, November 5, 2019, to examine the notified merger, according to article 6 par. 1 of law 3959/2011, by the company "Olympia Group Ltd" concerning its acquisition of sole control over “Media Saturn Electronics Hellas Commercial and Holding SA” and “Media-Saturn Griechenland Beteiligungen GmbH”, with the aim of ultimately acquiring sole control over the business of retail stores of electronic and electrical consumer goods operating under the brand name “Media Markt” in Greece.

According to the Statement of Objections (SO) of the General Directorate of Competition, the notified acquisition should be approved, as there are no serious doubts with regard to its compatibility with the functioning of competition in the relevant markets concerned, primarily in the broader electronics and electrical appliance industry and other markets in which all parties of the merger are active (such as the retail sale of computing, gaming, books, games and stationery).

It should be noted that the SO is not binding for the Hellenic Competition Commission, which will decide after taking into account all relevant evidence and the views of the parties involved.

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!