The Hungarian Competition Office rules on ancillary restraints and provides an overview of its related practice (Waberer/Szemerey)

On 20 December 2012 the Hungarian Competition Office ("HCO") cleared a concentration between two Hungarian companies active in forwarding and logistics (Waberer's Logisztika Kft. ("Waberer") as acquirer and Szemerey Transport Zrt. ("Szemerey") as target) and provided a useful summary of the HCO's attitude to ancillary restraints. In the notified transaction Waberer acquired 75%+1 of the votes in Szemerey (which resulted in Waberer's sole control in Szemerey), while the seller, Mr. Lóránd Szemerey, kept 25%-1 votes in Szemerey and acquired a 40% stake in Waberer. The parties to the concentration also agreed that for a period of three years after the alienation of Mr. Lóránd Szemerey's minority shareholding, Mr. Szemerey's close relatives and companies

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  • Lakatos, Köves & Partners (Budapest)

Quotation

Eszter Ritter, The Hungarian Competition Office rules on ancillary restraints and provides an overview of its related practice (Waberer/Szemerey), 20 December 2012, e-Competitions Bulletin December 2012, Art. N° 51292

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