The Serbian Competition Authority prohibits a merger between the two largest sugar producers in the Republic of Serbia (Sunoko)

On 19 January 2012, the Commission for the Protection of Competition of the Republic of Serbia (the “Competition Authority”) prohibited a merger between Sunoko d.o.o. Novi Sad, a company with its registered seat at Novi Sad, Republic of Serbia (“Sunoko”) and Hellenic Sugar Industry SA, a company with its registered seat at Thessaloniki, Greece (“Hellenic”). Parties and the transaction Sunoko is a subsidiary of the MK Group and the largest sugar producer in Serbia with three factories and a market share of approximately 42-44 per cent 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 market share of the Relevant Market is approximately 32-34 per cent In

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Mirko Lalatovic, Tijana Arsenijevic, The Serbian Competition Authority prohibits a merger between the two largest sugar producers in the Republic of Serbia (Sunoko), 19 January 2012, e-Competitions Bulletin January 2012, Art. N° 45546

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