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)

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

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Mirko Lalatovic, 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), 13 February 2013, e-Competitions Bulletin February 2013, Art. N° 51105

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