MERGERS: AMO SR approved the merger of undertakings KKCG Technologies, s.r.o., and Aricoma Group, a.s.
AMO SR approved a merger grounded in the change of control quality over the company Aricoma Group, a.s.
On 26 August 2021 the Antimonopoly Office of the Slovak Republic, the Division of Concentrations, (hereafter “the Office“) approved a merger grounded in the change of control quality over the company Aricoma Group, a.s., the Czech Republic from the joint control of undertakings KKCG Technologies, s.r.o., the Czech Republic (hereafter „KKCG“) and BJOORGEA, a.s., the Czech Republic to the exclusive control by undertaking KKCG.
In view of the above, it was a non-problematic merger and since the Act No. 187/2021 Coll. on Protection of Competition in effect since 1 June 2021 enshrined the possibility of issuing a decision in simple cases without justification, the Office used the institute in the given case.
By issuing an approving decision on the merger without justification, the Office expresses its effort to assess more efficiently and faster transactions that are competitively non-problematic and to save resources and capacities on the part of the Office as well as the undertakings concerned.
The decision came into force on 26 August 2021.