The Service of the Commission for the Protection of Competition received on behalf of Marinopoulos Holding SARL, notification of the proposed concentration according to Section 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), concerning the purchase of share capital of Carrefour Marinopoulos S.A..
With the completion of the proposed concentration, Carrefour Marinopoulos S.A. will be wholly owned by Marinopoulos Holding SARL, since Marinopoulos Holding SARL will acquire all the remaining shares of CARREFOUR SA MARINOPOULOS which does not hold and thus there will be a change of control, from joint control to full control.
The company Marinopoulos Holdings SARL is a limited liability company registered in Luxembourg, owned 100% by the Group Companies Marinopoulos. Marinopoulos Holding SARL is a holding company which has investments in a number of companies both in Cyprus and abroad. Marinopoulos Group Companies occupies an important position in the retail trade in Southeast Europe, with operations extending from supermarkets and hypermarkets in clothing, beauty products and the retailing coffee.
The company MARINOPOULOS CARREFOUR SA is a limited company, registered in the Greek Republic and is 50% owned by the Group Carrefour SA and 50% in Marinopoulos Brothers SA. The company MARINOPOULOS CARREFOUR SA is a holding company which has investments in a number of companies both in Cyprus and abroad. The company operates primarily through its subsidiaries in the market of retail supermarket items.