MERGERS: Antimonopoly Office of the Slovak Republic approved the merger of EP Industries, a.s. and ELTRA, s.r.o.

07.11.2016
On 26 October 2016 the Antimonopoly Office of the Slovak Republic, the Division of Concentrations (hereafter “the Office”), approved the merger grounded in the acquisition of indirect exclusive control of the undertaking EP Industries, a.s., Prague, the Czech Republic (hereafter “EPI”) over the undertaking ELTRA, s.r.o., Košice, the Slovak Republic (hereafter “ELTRA”).

Company EPI is a holding company that is under the indirect exclusive control of the natural person JUDr. Daniel Křetínský. Within the portfolio of business activities of the notifier’s group, the branch which includes EPI operates in the area of transport infrastructure and energy engineering. The group also operates in the area of automotive industry and waste management. Companies Elektrizace železnic Praha, TRAMO RAIL, Elektrizácia železníc Kysak and Vasútvillamosító  from the group of EPI, within the construction and modernization of railway infrastructure and construction and modernization of city public transport do construct, reconstruct and repair railway infrastructure in the territories of the Czech Republic, the Slovak Republic and Hungary.

Company ELTRA operates in the area of construction and modernization of railway infrastructure, respectively construction and modernization of city public transport in the territory of the Slovak Republic.

The Office found that the merging parties in the territory of the Slovak Republic operate in the area of construction and modernization of railway infrastructure, respectively construction and modernization of city public transport. The both merging parties (respectively companies from the business group of EPI) generally act in public contracts for the provision of the services only as subcontractors of big construction companies.

After the evaluation of all acquired materials and information, the Office came to a conclusion that the assessed merger does not infringe effective competition in the relevant market significantly, mainly as a result of creation or strengthening of a dominant position.

The decision came into force on 31 October 2016.  
Last update:07.11.2016