The Service of the Commission for the Protection of Competition announces that it has received notification of a concentration from Mr. Dimitris Kontominas, Alpha Media Group Ltd and Motor Oil (Hellas) Corinth Refineries SA, concerning the creation of the joint venture Nevine Holdings Ltd, for the purposes of acquiring the share capital of Alpha Satellite Television SA, Alpha Radio SA and Alpha Radio Kronos SA.
Mr. Dimitris Kontominas, through the holding company Sixomen Limited which is duly registered under the laws of the Republic of Cyprus, controls Alpha Radio SA and Alpha Radio Kronos SA. In addition, Mr. Kontominas also controls a number of companies that are active in the mass media sector.
Alpha Media Group Ltd is a limited liability company, duly registered under the laws of the Republic of Cyprus and is the holding company of Alpha Satellite Television SA.
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.
Nevine Holdings Ltd is a company duly registered under the laws of the Republic of Cyprus and it is a holding company, through which the aforementioned holding entities will acquire joint control of Alpha Satellite Television SA, Alpha Radio SA and Alpha Radio Kronos SA.
The target in this merger constitutes of the undertakings Alpha Satellite Television SA, Alpha Radio SA and Alpha Radio Saturn 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 Saturn SA is active in the operation of a non-informative local broadcasting radio station in Greece.