The Service of the Commission for the Protection of Competition announces that, the companies Henkel KGaA and Detergenta Developments Ltd, by a notification to the Chairman and the members of the Commission, notify that, on the 3.11.2004 have contracted a written agreement by which the company Detergenta Developments Ltd, owner of the company G.P.Michaelides Ltd, will convey 51% of its shares to G.P.Michaelides Ltd, to Henkel KGaA. The company G.P.Michaelides Ltd based on this agreement will be active on the production, importation, development, distribution and/or sale of detergents, products of general house cleaning and products of personal hygiene, of the company Henkel KGaA.
The company Henkel KGaA deals with the production and trade of miscellaneous products like detergents, products of general house cleaning, products of personal hygiene, cosmetics, consumer and craftsmen adhesives etc. Developments Ltd imports the detergents, products of general house cleaning and products of personal hygiene of the company Henkel KGaA.
Lastly, the company G.P.Michaelides Ltd, also, deals with the distribution and sale of detergents, products of general house cleaning and products of personal hygiene, that are produced or imported by the company Detergenta Developments Ltd.
According to Article 24 of The Control of Concentrations Between Enterprises Law of 1999, in case of a concentration for which a full investigation is carried out (Article 23), the Service provides, subsequent to the application of persons that have legal interest but do not participate in the concentration, an opportunity to submit their opinions in regards to the concentration at a way and time that the deadline set by Article 28 is not affected.
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