The Service of the Commission for the Protection of Competition announces that it has received a notification of a concentration, concerning the acquisition of share capital of Alpha Satellite Television SA, Alpha Radio SA and Alpha Radio Kronos SA by Motor Oil (Hellas) Corinth Refineries SA, through Mediamax Holdings Ltd.
Motor Oil (Hellas) Corinth Refineries SA constitutes the mother company of a group of companies active in the following sectors: oil refining and production, basic lubricant oils, asphalt, liquid gas, jet fuel, fuel oil and gasoline, wholesale and retail trading of petroleum products and lubricants, management and exploitation of petroleum products plants, operation of the aviation fuel refueling system and the storage facilities of the Athens International Airport, energy, chemicals, electricity supply and/or natural gas and shipping.
Mediamax Holdings Ltd which is the subsidiary of Motor Oil (Hellas) Corinth Refineries SA, is a holding company.
The target in this merger constitutes of the undertakings Alpha Satellite Television SA, Alpha Radio SA and Alpha Radio Kronos SA. These companies are active in the following areas: (a) ALPHA Satellite Television S.A. is active in the electronic media sector, primarily as a provider of digital terrestrial television which broadcasts free download nationwide scope program of general interest, (b) Alpha Radio SA is active in the operation of an informative local broadcasting radio station in Greece, and (c) Alpha Radio Kronos SA is active in the operation of a non-informative local broadcasting radio station in Greece.