Skip to main content

MERGERS: AMO SR approved the merger of undertakings Ing. arch. Pavol Jakubec and I.D.C. Holding, a.s.

On 7 July 2021 the Antimonopoly Office of the Slovak Republic, the Division of Concentrations, (hereafter „the Office“) approved a merger grounded in the acquisition of exclusive control of the undertaking Ing. arch. Pavol Jakubec, Bratislava over the undertaking I.D.C. Holding, a.s., Bratislava (hereafter „I.D.C. Holding“).
During assessing the merger in question, the Office assumed that the undertaking Ing. arch. Pavol Jakubec and the company Kassay Invest, a.s., Trnava (hereafter "Kassay Invest") before the merger had jointly controlled the undertaking I.D.C. Holding. Based on the transfer of shares of the company I.D.C. Holding from the current shareholder Kassay Invest to the company Merge Plan, a.s., Bratislava, the joint control will be changed to sole control.
Due to the activities of the undertaking Ing. arch. Pavol Jakubec and in the context of its pre-merger existing joint control over the company I.D.C. Holding, the Office evaluated that the merger in question will not change the structure of markets in the area where the acquired company operates, i. e. the area of ​​production and sale of confectionery and long-lasting bread in the territory of the Slovak Republic.
After evaluating documentation and information obtained, the Office came to the conclusion that the merger assessed is in accordance with the Article 11 Paragraph 1 of the Act on Protection of Competition, as it will not significantly impede effective competition in relevant market, in particular as the result of creation or strengthening of a dominant position.
The decision came into force on 12 July 2021.