The Service of the Commission for the Protection of Competition on the 6th of June 2008 received on behalf of the companies H.A. Papaellinas & Co Ltd and Linette Ltd notification of a proposed concentration according to Article 13 of the Control of Concentration between Enterprises Law (Number 22(I)/99) concerning an agreement by which H.A. Papaellinas & Co Ltd will acquire part of the assets of the company Linette Ltd.
”H.A. Papaellinas & Co Ltd” main activities concentrate in the import, distribution, sale and marketing of well known international products(consumer goods, cosmetics and medicines) in the Cypriot market.
“Linette Ltd” operations concentrate on the production and sale of diapers for babies and the elderly. The enterprise is also active in the import, distribution and sale of other consumer goods.
On the 14th of July 2008, the Commission for the Protection of Competition, based on the findings of the preliminary investigation of the notified concentration that the Service conducted and submitted to the C.P.C., and acting on the basis of the Law in force, concluded that, even though the concentration comes within the ambit of the law, it does not raise serious doubts as to its compatibility with the competitive market and thus declared compatible with the competitive market.