Watchdog plans to discuss ANEK-Attica merger next week

The Competition Commission is to convene on Wednesday, July 12, to discuss the absorption of ANEK Lines by Attica Group. Its recommendation, which is not binding, is to give an initial green light for the merger.

Replying to a question from the Athens-Macedonian News Agency (AMNA), a Seajets executive said that no decision has been made by the three member-companies that put in a bid to buy ANEK shares on the stock market, adding that Sea Jets is awaiting a more general, comprehensive deal on the issue and will not make any further comment ahead of the Competition Commission's meeting.

The Commission had said the merger was permissible if one of the companies participating is problematic and would otherwise be forced to pull out of the market in the near future unless it is bought out by another company.

Another condition is that there is no alternative buyout...