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Monday, 10 March 2025 17:03

Press Release – Clearance of an acquisition of sole control

Subject: Acquisition of the real estate portfolio company "MILORA" by "AKTOR GROUP OF COMPANIES"

By Decision No. 876/2025, the Hellenic Competition Commission in Chamber approved the notified concentration concerning the acquisition of sole control by "AKTOR GROUP OF COMPANIES" over the company "MILORA M.A.E.", within the meaning of article 5 par. 2 (b) and article 8 par. 3 of Law 3959/2011.

AKTOR GROUP OF COMPANIES operates in the sectors of public and private construction, metal construction, renewable energy sources and real estate development, as well as in the sectors of aggregates and the provision of professional building management services (facility management). MILORA is active in investments in real estate and, specifically, the acquisition, development, management and exploitation of a real estate portfolio. 

The relevant markets that concern the transaction in question are the broader market for the provision of real estate services (real estate), the sub-market for the acquisition and exploitation of real estate through rental activities (real estate rental), the sub-market for real estate development, the broader construction market (mainly private projects) for commercial use and finally the market for the provision of facility management services, within the Greek territory. Due to the small market shares, of the undertakings concerned no affected markets are observed and the transaction is not expected to significantly impede competition in the markets concerned. 

Therefore, the Hellenic Competition Commission unanimously approved the notified concentration.