The Commission for Protection of Competition instituted proceedings ex officio against company MAT-REAL ESTATE d.o.o. to investigate a merger implemented prior to obtaining clearance under the Law on Protection of Competition, which is, based on reasonable grounds to believe, created by acquisition of control on the part of MAT-REAL ESTATE over AKCIONARSKO DRUŠTVO ZA PROIZVODNJU RADIJATORA, KOTLOVA I USLUŽNOG LIVA RADIJATOR, BEOGRAD – STARI GRAD – IN BANKRUPTCY, presently RADIJATOR DOO ZRENJANIN.

In the investigation procedure, the Commission will evaluate the criteria stipulated by the Law (Article 19 of the LPC) that govern the permissibility of concentrations and in particular, circumstances of the case pertaining to the merger implemented prior to obtaining clearance, which was an obligation of the undertaking concerned.

The Law stipulates that concentrations of undertakings are permitted, unless they significantly restrict, distort or prevent competition on the market of the Republic of Serbia or its part, and especially if that restriction, distortion or prevention is the result of creating or strengthening of a dominant position.

The Commission will also establish the essential facts, evidence and other elements on which its decision will be based, regarding potential measures for protection of competition or deconcentration measures of whatever was subject to undue concentration.

Based on the Conclusion instituting proceedings, all persons in possession of data, documents or other relevant information that could contribute to the accurate fact-finding in this proceedings, are invited to forthwith notify the Commission for Protection of Competition accordingly, by presenting said evidence at 25 Savska St., 4th Floor, Belgrade.