The Service of the Commission for the Protection of Competition has received a notification of a concentration, concerning the proposed acquisition of the share capital of C.A.C. PAPANTONIOU TRADING LIMITED, from Hellenic Hypermarkets Sklavenitis S.A., via GUEDO HOLDINGS LIMITED.
HELLENIC HYPERMARKETS SKLAVENITIS S.A. is a company duly registered under the laws of Greece, widely recognised as SKLAVENITIS. The said company is active in the trading of all kinds of tradable goods, in particular food, beverages, items for personal, household and professional use, means of modern living and other goods, originating from the local market or imported and distributed locally and abroad, mainly retail with the self-service system, through department stores (mixed stores), supermarkets and shopping centers. Within the Republic of Cyprus, SKLAVENITIS group is active in the retail trade of food and household goods via SKLAVENITIS CYPRUS LIMITED.
GUEDO HOLDINGS LIMITED is a 100% subsidiary company of HELLENIC HYPERMARKETS SKLAVENITIS S.A. and is a holding company, which has no activities other than holding shares in SKLAVENITIS CYPRUS LIMITED.
The target in this transaction is C.A.C. PAPANTONIOU TRADING LIMITED, a company duly registered under the laws of the Republic of Cyprus, which operates entirely the Papantoniou Supermarkets chain throughout Cyprus.
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