Tuesday, 17 October 2023

Press Release - Assessment of the notified concentration which concerns the acquisition of sole control over “AKTOR SA” by “INTRAKAT SA”

Subject: Assessment of the notified concentration which concerns the acquisition of sole control over “AKTOR SA” by “INTRAKAT SA”

The Plenary Session of the Hellenic Competition Commission (HCC) will convene on Wednesday, November 1st, 2023, to assess, according to Article 8 of Law 3959/2011, following a phase II investigation and the Rapporteur’s Opinion, the notified concentration which concerns the acquisition of exclusive control over " AKTOR SA" from "INTRAKAT SA". 

Listed on the Athens Stock Exchange, INTRAKAT SA is INTRAKAT Group’s parent company. The Group is active in the construction, IT, waste management, real estate development and renewable energy sectors. 

AKTOR is a member of the ELLAKTOR Group of companies. AKTOR and its subsidiaries’ main activities include infrastructure, building and industrial construction, aggregates production and facility management services. 

According to the Rapporteur’s Opinion, the concentration does not significantly impede effective competition in the relevant markets it concerns, and therefore the Rapporteur proposes that the concentration is approved by the HCC. 

The Rapporteur’s Proposal is not binding; the HCC will decide upon the case after considering the data and information presented during the evidentiary process (oral hearing) as well as the opinions of all parties involved.

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