The Hungarian Competition Authority (Gazdasági Versenyhivatal, GVH) will not be initiating competition supervision proceedings on the basis of the notification of Közép-Európai Sajtó és Média Alapítvány, as the Government has declared the transaction to be of national strategic importance.
On 5 December 2018 the Government declared, in the public interest, the direct and sole acquisition of control of Közép-Európai Sajtó és Média Alapítványnak over Opus Press Zrt., Echo Hungária TV Televíziózási, Kommunikációs és Szolgáltató Zrt., New Wave Media Group Kommunikációs és Szolgáltató Kft. and Magyar Idők Kiadó Kft. to be of national strategic importance.
Concentrations, which are considered to be of national strategic importance, do not fall within the scope of Act LVII of 1996 on the Prohibition of Unfair and Restrictive Market Practices. Consequently, in the absence of circumstances giving rise to the initiation of competition supervision proceedings, the GVH has terminated the examination of the notification by issuing an official certificate.
Case Number: B/961/2018.
Budapest, 6 December 2018
Hungarian Competition Authority
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