The Competition Commission, sitting as a Chamber, unanimously approved, by decision No. 926/2026 and pursuant to Article 8(3) of Law 3959/2011, the acquisition of joint control over the société anonyme named “Korres S.A. – Natural Products” by “Halcyon Equity Partners S.C.A. SICAR” and “Herbarium Holding Limited”.
The transaction concerns primarily the market for the production and sale of high-quality, premium-priced cosmetic products, which are generally sold through selective distribution networks and, mainly in this case, through pharmacies (physical and online/e-shops). The relevant geographic market for the transaction is defined as the whole of Greece.
In its decision, the Commission found that the transaction under review involves no horizontally affected market or any vertical links between the parties’ activities. Consequently, although it falls within the scope of Article 6(1) of Law 3959/2011, the transaction is not expected to have anti-competitive effects on the functioning of the relevant markets concerned.