At a meeting of the Competition Committee (Department) on November 26, 2021, it was unanimously decided to approve the notified concentration, in accordance with articles 5 to 10 of Law 3959/2011, concerning the acquisition of joint control over the company “SPORTSLAND SPORTS FACILITIES – TOURISTS aND HOTELS SA “from the company” TOURIST BUSINESS MESSINIAS SA “and” AUTOHELLAS SA TOURISM aND COMMERCIAL SA “, through acquisition of 50% stake of the company” SPORTSLAND FACILITIES SPORT – TOURISM aND HOTELS SA “from the company “TOURIST ENTERPRISES OF MESSINIA SOCIETE ANONYME”.
Specifically, it was decided the approval by the Competition Commission of the concentration notified from 16.09.2021, pursuant to article 8 par. 3 of Law 3959/2011, given that the said concentration, although it falls within the scope of par. 1 of article 6 of Law 3959/2011, does not cause serious doubts as to its compatibility with the operating requirements of the competition in the individual markets to which it relates.
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Source From: Capital
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