The Service of the Commission for the Protection of Competition received on behalf of the companies P.M.Tseriotis Ltd και Tryfon Distributors (1988) Ltd notification of a proposed concentration according to Article 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), concerning an agreement for the creation of the joint venture Tryfon Tseriotis Ltd.

The P.M.Tseriotis Ltd is a private limited liability company, duly registered in the Republic of Cyprus. This company is mainly active in the provision of services and investment management and real estate. The company Consumer Goods Tseriotis Ltd is a subsidiary of P.M.Tseriotis Ltd and operates in the importation, sale and distribution of consumer products in the Cypriot market.

The Distributors Tryfon (1988) Ltd is a private limited liability company, duly registered in the Republic of Cyprus. This company is mainly active in the importation, sale and distribution of consumer goods, especially foodstuffs, in the Cypriot market.

With this merger, the companies P.M.Tseriotis Ltd and Tryfon Distributors (1988) Ltd agreed to create a new joint venture to be active in the area of sales, marketing and distribution of products that both companies sell.