The Competition Commission has approved the concentration, which concerns the acquisition of exclusive control by the company “QUEST HOLDINGS S.A.” over the company “(NEW) BENROUBI S.A.”

As stated in the related announcement:

“On January 8th, in a session of its Department, the Competition Commission issued Decision No. 871/2054, in which the concentration involving the acquisition of exclusive control by the company ‘QUEST HOLDINGS S.A.,’ a company of the Fessas Group, over the company ‘(NEW) BENROUBI S.A.’ was unanimously approved, in accordance with Article 8, paragraph 3 of Law 3959/2011, as well as Article 5, paragraph 2(b) of Law 3959/2011.”

“QUEST HOLDINGS is a listed company on the Athens Stock Exchange and is the parent company of enterprises operating in various sectors of the Greek economy, primarily in the fields of retail of electrical and electronic products, information technology services, and renewable energy sources. The target company is primarily involved in the import, wholesale, and retail sale of household goods and appliances.”

“The Competition Commission found that there are no affected markets from this concentration and, therefore, it does not cause anti-competitive horizontal, vertical, or conglomerate effects as a result of its implementation. As a result, although it falls within the scope of paragraph 1 of Article 6 of Law 3959/2011, the concentration under consideration does not raise serious doubts about its compatibility with the requirements for competition in the relevant markets it concerns.”