CCA clears merger between Tommy and Brodokomerc Nova  
                     

The Croatian Competition Agency (CCA) cleared in phase I the concentration between the undertakings in the form of the acquisition of a direct controlling interest on the permanent basis over the undertaking Brodokomerc Nova, by the undertaking Tommy. This is a horizontal merger in the groceries retail market (retail market in food, beverages, toiletries and household supplies) in the territory of the Republic of Croatia, particularly in Primorje-Gorski Kotar County. 

After having received the complete notification of the concentration concerned on 9 September 2024 the CCA published the request for information from all interested parties with the view to receiving further written comments and explanations with respect to the market situation and the likely effects of the concentration at issue on its website. No replies to this request for information were submitted to the CCA within the prescribed deadline. 

The acquisition of Brodokomerc makes evident the intention of Tommy to further strengthen its position in Primorje-Gorski Kotar County and enter the segment of smaller retail formats, thereby raising competitive constraints of its rivals both in the territory of Primorje-Gorski Kotar County and across the Republic of Croatia. 

On the national level, based on the data for 2023, following the implementation of the concentration in question, Tommy will retain the 6th position in the market ranking and achieve a post-merger market share of [5-10%]. 

Taking all of the above into account, as well as the fact that the post-merger market share in Primorje-Gorski Kotar County will be relatively low, around [5-10%], it is not likely that the proposed concentration could produce significant anti-competitive effects in the market, as this concentration does not create or strengthen a dominant position of its participants.

Croatian Competition Agency Approves Tommy-Brodokomerc Nova Merger

The Croatian Competition Agency (CCA) has cleared the acquisition of Brodokomerc Nova by Tommy in a horizontal merger within the groceries retail market in Primorje-Gorski Kotar County, Croatia.

                        Upon receiving the notification of the merger, the CCA requested information from interested parties but received no responses within the deadline. The acquisition indicates Tommy's intent to strengthen its position in the county and enter smaller retail formats, enhancing competition.

                        Post-merger, Tommy is expected to hold the 6th position in the market with a market share of 5-10% nationally. The relatively low post-merger market share in Primorje-Gorski Kotar County (also 5-10%) suggests minimal anti-competitive effects, as the merger does not establish dominance.



Croatian Competition Agency Approves Tommy-Brodokomerc Nova Merger

The Croatian Competition Agency has approved the merger between Tommy and Brodokomerc Nova, allowing Tommy to acquire a controlling interest in the latter.