The Greek Competition Commission unanimously approved, under Article 8(3) of Law 3959/2011, the acquisition of joint control over Korres S.A. – Natural Products by Halcyon Equity Partners S.C.A. SICAR and Herbarium Holding Limited. The decision is No. 926/2026.

The transaction concerns primarily the production and sale of premium, high-priced cosmetics, generally distributed through selective channels and, in this case, mainly through physical and online pharmacies. The relevant geographic market is Greece.

The Commission found that the transaction creates neither a horizontally affected market nor any vertical links between the parties’ activities. Although the transaction falls within the scope of Article 6(1) of Law 3959/2011, the Commission concluded that it is not expected to harm competition in the relevant markets.

The authority said the full decision will be published in the Government Gazette and on its website. The press release is an unofficial document for media use and does not bind the Commission.