The Greek Competition Commission authorizes a horizontal merger between two companies active in the production of electric power (Iberdrola Energias Renovables / H. Rokas)

The case concerns the authorization by the Greek Competition Commission (GCC) of a horizontal merger by way of acquisition within the scope of Article 4b of the Law 703/77 with regard to prior notification of concentrations. I. FACTUAL BACKROUND1. General In December 2004 Iberdrola S.A. (the parent of Iberenova) a firm duly incorporated in Spain entered into an agreement - the “Purchase Intention and Shareholders Agreement” - with the Minority Shareholders of the Commercial and Industrial Company Limited by Shares H. Rokas Ltd ( “the Company”). All rights and obligations of Iberdrola under this agreement were subsequently transferred to Iberenova (by virtue of a transfer agreement dated December 2004); the Agreement was subsequently amended three times, in June, July and December 2005.

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  • European Investment Bank (Luxembourg)

Quotation

Vera Lazaridi, The Greek Competition Commission authorizes a horizontal merger between two companies active in the production of electric power (Iberdrola Energias Renovables / H. Rokas), 18 May 2007, e-Competitions Bulletin Energy & Mergers, Art. N° 13966

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