By its Decision no 872/2025 adopted on the 17th of January 2025, the Hellenic Competition Commission (HCC), in Chamber, unanimously approved, pursuant to Article 8 (3) of Greek Law 3959/2011, the notified concentration concerning the acquisition by «KOSMOCAR SA» of sole control over «MAN HELLAS SA», within the meaning of Article 5 (2b) of Greek Law 3959/2011.
KONSMOCAR’s Group, via KOSMOCAR SA and KARENTA SA, is primarily active in the wholesale and retail sale of new and used passenger cars, light commercial vehicles, motorcycles and their respective motor vehicle parts, as well as in in the provision of their repair and maintenance services. The target company is mainly active in the trade of trucks and other commercial vehicles, as well as their respective motor vehicle parts.
The HCC, by its decision, concluded that the concentration is not expected to affect the competitive conditions in any of the relevant markets concerned, as no anticompetitive horizontal, vertical or conglomerate effects were detected. Therefore, whereas the concentration falls within the scope of article 6(1) of Greek Law 3959/2011, the HCC concluded that it does not raise serious concerns as to its compatibility with competition rules in the relevant markets it concerns.