COMPETITION COUNCIL GIVES MERGER CONTROL CLEARANCE FOR UAB HELIOSINERGIJA
On 20 December, the Competition Council (the Council) gave merger control clearance for UAB Heliosinergija to acquire 100 per cent of UAB Oracal lipnioji plėvelė shares.
UAB Heliosinergija key activities comprise wholesale trade of office and printing paper and cardboard, paper and materials for garment industry, offset, flexographic and digital printing materials and equipment as well as production of visual advertisements, design and colour management, etc.
Both UAB Oracal lipnioji plėvelė and the related undertaking are engaged in a wholesale and retail trade of adhesive films and other advertising and constructional materials.
Parties to the merger indicated that when implementing the merger they assume non-competition obligations.
Having evaluated all the circumstances related to the merger, the Council acknowledged that the intended merger will not create or strengthen the dominant position, or significantly restrict competition in the relevant markets.
(1) Mergers (Concentrations) are cases when two independent undertakings merge or when one undertaking gains control over another. As these changes may restrict effective competition in a relevant market, mergers involving firms that exceed turnover limits established in the Law on Competition must be cleared by the Council. The Council authorises only such mergers that will not have significant adverse effects on the conditions of competition.
(2) Control means any rights arising from laws or transactions that entitle a legal or natural person to exert a decisive influence on the activity of an undertaking, including the right of ownership to all or part of the assets of the undertaking or the right to use all or part of such assets; other rights which confer a decisive influence on the decisions or the composition of the undertaking’s personnel.
(3) Clearance of the merger includes undertakings’ assumed additional obligations on the restriction of activity that are necessary and directly related to the implementation of the merger and are in compliance with the principles established by the European Commission. However, when analysing the question of whether or not to clear the merger, the Council does not evaluate the additional activity restrictions provided in the merger notifications. Pursuant to the principles of the European Commission, parties to the merger have to self-assess whether activity restrictions are necessary and directly related to the implementation of a specific merger.
(4) Clearance of the merger that includes additional restrictions does not eliminate the right of the Council to start an investigation on the restrictions determined by the parties or other actions that are not necessary or directly related to the implementation of the merger.Competition Council Spokesperson