MERGERS: AMO SR approved the merger of the undertakings Emil Frey Holding AG, Opel Slovakia Automotive, s.r.o., and Opel Czech (Automotive), s.r.o.

01.07.2019
On 11 June 2019 the Antimonopoly Office of the Slovak Republic, the Division of Concentrations, (hereafter “the Office”) approved the merger, which is grounded in the acquisition of indirect exclusive control of undertaking Emil Frey Holding AG, Switzerland over undertakings Opel Slovakia Automotive, s.r.o., the Slovak Republic and Opel Czech (Automotive), s.r.o., the Czech Republic.

The undertaking Emil Frey Holding AG is active in the area of distribution and sale of cars. In the territory of the Slovak Republic it is active in the area of wholesale distribution of Citroën, Peugeot and DS passenger cars, wholesale distribution of Citroën and Peugeot light commercial vehicles (hereafter "LCV"), wholesale distribution of original spare parts and accessories for passenger cars and LCV under the brands Citroën, Peugeot and DS and related logistic services, as well as in the area of wholesale distribution of used cars.

The acquired company Opel Slovakia Automotive, s.r.o., is active in the territory of the Slovak Republic in the area of wholesale distribution of passenger cars and LCV under the brand OPEL, wholesale distribution of original spare parts and accessories for passenger cars and LCV under the brands Opel and Chevrolet and in area of retail distribution of passenger cars and LCV to large business (end) customers (only to a very limited extent). The company Opel Czech (Automotive), s.r.o., will be active exclusively in the Czech Republic and therefore it was not necessary to deal with its activities in detail in the decision.

The activities of the above mentioned undertakings overlap in the wholesale distribution of passenger cars and wholesale distribution of LCV.

Based on the common market shares of the parties to the merger on the market of the wholesale distribution of passenger cars after the realisation of the merger and the structure of the market of the wholesale distribution of LCV before and after the merger, as well as with regard to the character of competitors and the existence of one economic group, which includes the brand Opel as well as the brands Peugeot and Citroën at manufacturer level, the Office concluded that the merger assessed is in accordance with the Article 12 Paragraph 1 of the Act on Protection of Competition, since it will not significantly impede effective competition on the relevant market, particularly as the result of the creation or strengthening of dominant position.

The decision came into force on 26 June 2019.
Last update:01.07.2019