The Service of the Commission for the Protection of Competition has received a notification of a concentration according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, concerning the creation of a joint venture by Certis Belchim B.V.and Redestos Efthymiades Agrotechnology Group.
Certis Belchim B.V. is a company duly registered under the laws of Belgium and is active in the agriculture sector. Particularly is active the sustainable agriculture, crop protection, registration and marketing. Certis Belchim B.V.is controlled by the Mitsui group.
The Mitsui group is a group founded in Japan of companies and it is active in the distribution and supply of products in several sectors such as iron and steel, non-iron metals, machinery, electronics, chemicals, energy products, logistics and investments in infrastructure.
The Redestos Efthymiadis Agrotechnology Group is a group founded in Greece. The main activities of the group are production and distribution of agricultural supplies, seed propagation material, laboratory services and distribution of fresh fruits and vegetables.
Target 1 in the proposed transaction is K. & N. Efthymiadis Single Member S.A. which is a company duly registered under the laws of Greece. The Target 1 is active in the production and distribution of crop protection products, fertilizers and seeds.
Target 2 in the proposed transaction is KNE Certis B.V. is a joint venture by the Redestos Group and Certis Belchim B.V. and it is duly registered under the laws of The Netherlands. It is active in the distribution of crop protection products, fertilizers and seeds.
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