{"id":31629,"date":"2026-03-02T16:27:34","date_gmt":"2026-03-02T16:27:34","guid":{"rendered":"https:\/\/www.aztn.hr\/aztn-odbacio-prijavu-namjere-provedbe-koncentracije-poduzetnika-iskra-brodogradiliste-1-d-o-o-i-3-maj-rijeka-1905-d-o-o\/"},"modified":"2026-03-03T14:18:14","modified_gmt":"2026-03-03T14:18:14","slug":"aztn-odbacio-prijavu-namjere-provedbe-koncentracije-poduzetnika-iskra-brodogradiliste-1-d-o-o-i-3-maj-rijeka-1905-d-o-o","status":"publish","type":"post","link":"https:\/\/www.aztn.hr\/en\/aztn-odbacio-prijavu-namjere-provedbe-koncentracije-poduzetnika-iskra-brodogradiliste-1-d-o-o-i-3-maj-rijeka-1905-d-o-o\/","title":{"rendered":"CCA dismisses the notification of concentration between Iskra brodogradili\u0161te and 3. MAJ Rijeka as it does not meet jurisdictional turnover thresholds"},"content":{"rendered":"

The Croatian Competition Agency (CCA) dismissed the notification of the proposed concentration in the form of acquisition of direct control by the undertaking Iskra brodogradili\u0161te 1 d.o.o., \u0160ibenik over the undertaking 3. MAJ Rijeka 1905 d.o.o. za brodogradnju, on a permanent basis, due to the fact that the criteria regarding the turnover thresholds within the meaning of the Competition Act have not been cumulatively met in this particular case. <\/strong><\/p>\n

The concentration in question involves the acquisition of sole control within the meaning of Article 15 par 1 item 2 of the Croatian Competition Act. The prior notification of the concentration was received by the CCA on 4 February 2026 and was submitted by Iskra brodogradili\u0161te 1 d.o.o. as the notifying party.<\/p>\n

In the course of the proceedings, the CCA, pursuant to Articles 19 and 20 of the Competition Act and the Merger Regulation, assessed whether, in the present case, the criteria for obligatory notification under Article 17 par 1of the Competition Act have been cumulatively met.<\/p>\n

On the basis of the submitted data and the adopted financial statements for 2024, the CCA found that 2024 constitutes the relevant year for assessing whether the turnover thresholds have been met in the sense of Article 17 par 2 of the Competition Act.<\/p>\n

According to the data provided, the total aggregate worldwide turnover of all undertakings concerned in 2024 amounted to EUR 274,703,000.00 thereby satisfying the condition set out under Article 17 par 1 item 1 of the Competition Act.<\/p>\n

However, the total turnover of the target undertaking, 3. MAJ Rijeka 1905 d.o.o., generated from the sale of goods and\/or services on the market in the territory of the Republic of Croatia in 2024 amounted to EUR 1,414,376.30, which is significantly below the statutory threshold of EUR 13,272,280.84 laid down in Article 17 par 1 item 2 of the Competition Act.<\/p>\n

For 2025, no adopted financial statements have been submitted; instead, a certified statement of turnover in the amount of EUR 12,998,535.79 was provided, which does not reach the prescribed turnover threshold either.<\/p>\n

In light of the above, in this particular case the criteria for obligatory notification of the concentration within the meaning of Article 17 par 1 of the Competition Act have not been cumulatively met.<\/p>\n

As the conditions for a mandatory notification are not cumulatively fulfilled, the concentration is not subject to notification and the CCA cannot assess its compatibility. The notification is therefore dismissed.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Croatian Competition Agency (CCA) dismissed the notification of the proposed concentration in the form of acquisition of direct control by the undertaking Iskra brodogradili\u0161te 1 d.o.o., \u0160ibenik over the undertaking 3. MAJ Rijeka 1905 d.o.o. za brodogradnju, on a permanent basis, due to the fact that the criteria regarding the turnover thresholds within the […]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-31629","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"\nCCA dismisses the notification of concentration between Iskra brodogradili\u0161te and 3. 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