MERGERS: AMO SR approved the merger of Walter Frey Holding AG, CITROËN SLOVAKIA, CITROËN ČESKÁ REPUBLIKA, PEUGEOT SLOVAKIA and PEUGEOT ČESKÁ REPUBLIKA

23.06.2016
On June 6, 2016 the Antimonopoly Office of the Slovak Republic, Division of Concentrations (hereafter “the Office”), approved the merger grounded in acquisition of indirect exclusive control of the undertaking Walter Frey Holding, seated at Badenstrasse 600, 8048 Zürich, the Swiss Confederation over the undertakings CITROËN SLOVAKIA, Bratislava, CITROËN ČESKÁ REPUBLIKA, Prague, PEUGEOT SLOVAKIA, Bratislava and PEUGEOT ČESKÁ REPUBLIKA, Prague.
 
Frey Group acts in the field of distribution and sale of motor cars and original spare parts under the brand names Toyota, Ford, Mitsubishi and GM in the Switzerland, Germany, France, the Czech Republic, Poland, Serbia, Croatia, Slovenia and Hungary. It is not active in the territory of the Slovak Republic.
 
The acquired companies belong to one and the same economic subject – PSA Group. PSA Group under three brand names CITROËN, PEUGEOT and DS acts in 160 countries of the world. In the territory of the Slovak Republic only companies CITROËN SLOVAKIA and PEUGEOT SLOVAKIA are active in the field of wholesale distribution of personal motor cars, light commercial vehicles and original spare part for personal cars and light commercial vehicles under brand names CITROËN, PEUGEOT and DS.
 
The Office identified neither horizontal nor vertical overlap between the activities of undertakings Frey Group and the acquired companies in the territory of the Slovak Republic.
 
After the evaluation of all acquired materials and information the Office concluded that the assessed merger does not infringe effective competition significantly in the relevant market and mainly as a result of creation or strengthening of dominant position.
 
Decision came into force on June 21, 2016.
Last update:23.06.2016