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Case number:

Vj-101/2008

Type of case:

Concentration

Undertaking(s) concerned:

Zakrutoe Akcionernoe Obshhestvo Transportno-Tekhnologicheskoe Mashinosctroenie (TTM), Ganz Gépgyár Holding and Ganz Engineering Environmental (Ganz EK).

Short description:

On 24 July 2008 the undertakings made a preliminary agreement on a transaction of several phases that would result in the Russian TTM acquiring a 51 % stake of Ganz Gépgyár Holding (100 % owner of Ganz EK) in Ganz EK.

Decision:

The Hungarian Competition Authority (GVH) authorised the joint acquisition of control by Zakrutoe Akcionernoe Obshhestvo Transportno-Tekhnologicheskoe Mashinosctroenie (TTM) and Ganz Gépgyár Holding over Ganz Engineering Environmental (Ganz EK).

Date:

Budapest, 2 October 2008

English summary of the decision in PDF