The Hungarian Competition Office decides that the establishment of an undertaking by four shareholders each holding 25 % of the votes does not qualify as a concentration (Baucont, Hérosz, Kipszer, Közév)

Baucont Rt., Hérosz Rt., Kipszer Rt. and Közév Rt., all active in the construction industry, notified the HCO of the establishment of Corvin-Szigony Rt. ("Corvin-Szigony"), a company limited by shares. Pursuant to its Deed of Foundation, Corvin-Szigony was established with the minimum amount of share capital (contributed in cash) in order to promote the economic and business interests of its founders and to organise and concert their business

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Ádám Máttyus, Eszter Ritter, Dorottya Kereszty, The Hungarian Competition Office decides that the establishment of an undertaking by four shareholders each holding 25 % of the votes does not qualify as a concentration (Baucont, Hérosz, Kipszer, Közév), 21 August 2003, e-Competitions August 2003, Art. N° 21358

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