The Hungarian Competition Authority refines the notion of interdependent transactions and its method of establishing relevant product and geographic market of mergers in the retail sector (Copé / Arany Hatos and Aranyhíd-Coop)

I. Facts COPÉ Vagyonhasznosító és Szolgáltató Zrt. („COPÉ”) acquired indirect sole control over ARANYHÍD-COOP Kereskedelmi Zrt. („ARANYHÍD-COOP”) through a purchase of a share package carrying 33.2 percent of the voting rights of the ARANYHÍD-COOP and 100 percent of the shares of ARANY HATOS Üzletviteli és Tanácsadó Kft. („ARANY HATOS”). COPÉ belongs to the Pékó Group that is primarily active in the field of retail and wholesale trade of daily consumer goods across the whole country. ARANY HATOS did not realise any revenues in the preceding business year, however, it possessed a share package carrying 40.6 percent of the voting rights of ARANYHÍD-COOP, which is an undertaking engaged in the retail trade of daily consumer goods. ARANYHÍD-COOP is operating 20 retail stores all of them located in Somogy

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Authors

  • Dentons (Budapest)
  • Hungarian Competition Authority (Budapest)

Quotation

Tihamer Toth, Aranka Nagy, The Hungarian Competition Authority refines the notion of interdependent transactions and its method of establishing relevant product and geographic market of mergers in the retail sector (Copé / Arany Hatos and Aranyhíd-Coop), 30 November 2012, e-Competitions November 2012, Art. N° 57353

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