On 13 April 2018, the Finnish Competition and Consumer Authority (FCCA) approved Tradeka-Yhtiöt Oy’s acquisition of Med Group Holding Oy. The FCCA has concluded that the acquisition will not significantly impede effective competition in the Finnish market.
Tradeka-Yhtiöt Oy manages the business operations of Cooperative Tradeka, and the companies owned by it are engaged in restaurant business, investment activities and press distribution. Med Group Holding Oy is the parent company of Med Group, engaged in the Finnish social welfare and health care sector. Med Group business areas include home care services, emergency care, public health care and private oral health care. Med Group offers these services under the ONNI brand.
In the acquisition, Tradeka-Yhtiöt will acquire, through its fully owned Tradecare Oy, the entire share capital of Med Group Holding and thereby Med Group Holding's home-delivery services, and function related to emergency care and public health services.
The regulatory reviews conducted by the FCCA did not reveal any harmful effects on competition related to the acquisition. The companies do not have overlapping operations, and the FCCA estimates that the acquisition will not significantly impede effective competition in the Finnish market.
The FCCA’s decision includes business secrets of the parties involved. The decision cannot be published until the business secrets have been removed, i.e. in around two weeks’ time.
Senior Research Officer Samuli Muotka, tel. 029 505 3680
According to the Competition Act, the FCCA must be notified of the transaction if the combined turnover of the parties to the corporate transaction exceeds 350 million euros and the turnover from Finland of at least two of the parties exceeds a combined total of 20 million euros. The FCCA will approve a corporate transaction if it has none of the harmful impacts referred to in the Competition Act. The FCCA will intervene in corporate transactions if its investigations suggest that the acquisition substantially impedes effective competition on Finnish markets or a substantial part of the markets, particularly through the creation or reinforcement of a dominant market position.
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