On 13 February 2013, the Commission for the Protection of Competition of the Republic of Serbia (the "Competition Authority") approved, under conditions related to the fulfilment of certain structural and behavioural measures, a merger between Sunoko d.o.o. Novi Sad, a company with its registered seat at Novi Sad, the Republic of Serbia ("Sunoko") and Hellenic Sugar Industry SA, a company with its registered seat in Thessaloniki, Greece ("Hellenic"). History of the case Sunoko is a subsidiary of MK Group and is the largest sugar producer in Serbia, which enjoys a share of 42-44% of the Serbian sugar market (the "Relevant Market"). Hellenic is present on the Relevant Market as the majority shareholder in two sugar factories. Hellenic's share of the Relevant Market is 32-34%. Last
The Competition Authority of the Republic of Serbia approves subject to conditions a merger between the two largest sugar producers in the country (Sunoko / Hellenic Sugar Industry)
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