The Cyprus Commission for the Protection of Competition imposes a fine for failure to notify a merger in the pharmaceutical sector (Papaellinas / Sophocles Demetriades)

Factual background The present case concerns the possible breaches of articles 9 and 13 of the Law on Control of Concentrations of Enterprises Laws of 1999 and 2000. The concentration in question was brought about following the conclusion of the Share Purchase Agreement dated 17.02.2010, between CH.A. Papaellinas & Co Ltd (the "Purchaser") and Monica Demetriades, Janet Demetriades, Katie Demetriades and Sofia Demetriades (the "Sellers") who held 100% of the share capital in Sophocles Demetriades & Son Ltd and

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Evyenia Epaminondou, The Cyprus Commission for the Protection of Competition imposes a fine for failure to notify a merger in the pharmaceutical sector (Papaellinas / Sophocles Demetriades), 30 March 2012, e-Competitions Bulletin March 2012, Art. N° 48583

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