By its Decision no. 818/2023, adopted on the 5th of May 2023, the Hellenic Competition Commission (HCC), in Plenary Session, unanimously approved the notified concentration concerning the acquisition by the company under the name "LAFARGE BETON S.A.". (a subsidiary of AGET IRAKLIS and member of HOLCIM Group) of sole control over the company “LARSINOS S.A.”., within the meaning of article 5(2)(b) of Law 3959/2011.

LAFARGE BETON S.A. is active in the aggregates sector, with six (6) limestone quarries covering mainland and islands in Greece. Furthermore, it is active in the ready-mixed concrete production sector, with a network of twenty-six (26) ready-mixed concrete plants in mainland and islands in Greece. AGET IRAKLIS is active in the aggregates and industrial materials sector, with one (1) limestone quarry and in the cement production sector, with two (2) cement production plants in Volos and Milaki, Evia, as well as six (6) cement distribution centers in Greece. LARSINOS S.A. is active in the aggregates sector with four (4) quarries and in the ready-mixed concrete production sector with a network of seventeen (17) ready-mixed concrete plants.

The HCC decided that the competition conditions will not change as a result of the transaction under consideration, neither horizontally nor vertically, and the concentration under consideration is not expected to lead to changes in the structure of the relevant markets and therefore will not affect the level of competition or limit competition in these markets.

In view of the above, the HCC unanimously approved, under article 8(3) of Law 3959/2011, the notified concentration 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.