The Slovak Competition Authority prohibits a merger in the bakery industry (Agrofert / Euro Bakeries)

Factual background By its decision No. 2012/FH/3/1/029 of 29 June 2012, the Antimonopoly Office of the Slovak Republic ("AMO") prohibited the concentration of undertakings Agrofert Holding a. s., Czech Republic ("Agrofert") and Euro Bakeries Holding, a. s., Czech Republic ("Euro Bakeries") resulting from the agreement from 29 September 2011 between Agrofert as a purchaser and European United Bakeries S.A. (Luxembourg), the parent company of Euro Bakeries, as a seller (the "Agreement"). AMO found that the merger would create a dominant position of Agrofert which would significantly distort effective competition on relevant markets of production and sale of fresh bread, general fresh bakery products and other general fresh sweet and salty bakery products in the territory of the Slovak

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Authors

  • Agency for the Cooperation of Energy Regulators (ACER) (Ljubljana)
  • Dagital Legal (Bratislava)

Quotation

Michal Miko, Jakub Berthoty, The Slovak Competition Authority prohibits a merger in the bakery industry (Agrofert / Euro Bakeries), 29 June 2012, e-Competitions June 2012, Art. N° 49560

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