The Service of the Commission for the Protection of Competition received on behalf of Spiros Pavlides, Michalis Pavlides, Hull Blyth Araouzos Ltd (Part A) and Anastasios Stephanides & Son Ltd (Part B), notification according to section 13 of the Control of Concentration between Enterprises Law (Number 22(1)/1999), of a proposed concentration agreement for the creation of a joint company named Anastasios Stephanides and Son Automotive Limited.
Part A is consisted of Spyros Pavlides, Michalis Pavlides and Hull Blyth Araouzos Ltd. Hull Blyth Araouzos Ltd is a private limited company registered under the laws of the Republic of Cyprus and operates in shipping and air services, organizes trips for tourists to Cyprus or abroad individually or in groups, and also offers shipping, clearing and forwarding services through affiliated companies. Part A has absolute control over Geo. Pavlides & Araouzos which is a private limited company registered in Cyprus and is active in the import and sale of the motor vehicles under the brand names SAAB, OPEL, CHEVROLET and CITROEN and the import and marketing of retail products for human health.
Anastasios Stephanides & Son Ltd is a private limited company registered in Cyprus and is active in the market sector of motor vehicles and luxury goods. As regards the motor vehicles sector the company imports and sells the motor vehicles under the brand names MAZDA andSUBARU and motorcycles YAMAHΑ and LIFAN and also sells spare parts and is active in the after sales service. As regards the luxury goods sector, the company is active in the import and sale of watches, jewelry, fashion apparels and gifts. In January 2012 the luxury goods business of Anastasios Stephanides & Son Ltd was being taken over by Anastasios Stephanides & Son Luxury Goods Ltd.
The joint venture Anastasios Stephanides & Sons Automotives Ltd will be active in the import and distribution of vehicles MAZDA, SUBARU and YAMAHA motorcycles and LIFAN.
The present notification is based on Article 13(3) of the Control of Concentrations between Enterprises Laws 1999 to 2000.