The “green light” in the acquisition by Fairfax Financial Holdings Limited of the exclusive control over the company Grivalia Hospitality SA, was given on Monday by the Competition Commission.
In particular, the Competition Committee in a Department, on 27/6/2021, unanimously approved, with the no. 783/2022 its decision, according to article 8 par. 3 of law 3959/2011, the concentration notified from 15.04.2022 regarding the change of the quality of the control over Grivalia Hospitality and in particular, the current joint control will changed to sole control by the notifier.
With the above decision, the Competition Commission considered that the said concentration, which concerns the wider market of hotel and insurance services in the Greek territory, despite falling within the scope of paragraph 1 of article 6 of law 3959/2011 , does not raise serious doubts as to its compatibility with the operating requirements of the competition in the individual markets to which it relates.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
