The Finnish Competition Authority clears a merger subject to remedies in the hotel accommodation market (Scandic / Restel)

Competition Authority, Finnish

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5 Dec 2017

The Finnish Competition Authority clears a merger subject to remedies in the hotel accommodation market (Scandic / Restel)

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Reference

Finnish Competition Authority (Helsinki), Scandic / Restel, Press Release, 5 December 2017

The FCCA approves Scandic’s acquisition of Restel, with conditions* Today, the FCCA has approved the acquisition of Restel Hotellit Oy by Scandic Hotels Oy, with conditions. As a condition for the approval of the sale, the FCCA obliged Scandic to sell one hotel in Pori, Lahti and Kuopio to its competitors. In addition, Scandic has undertaken not to acquire two new hotels planned for Lappeenranta and two planned for Vantaa. Scandic and Restel

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Author

Finnish Competition Authority
Finnish Competition and Consumer Authority (Helsinki)

Finland 72 contributions 11999 visits

Quotation

Finnish Competition Authority, The Finnish Competition Authority clears a merger subject to remedies in the hotel accommodation market (Scandic / Restel), 5 December 2017, e-Competitions December 2017, Art. N° 85522

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