The Competition Commission has announced that it has cleared, subject to conditions, the concentration concerning the creation of a joint venture for the operation, maintenance, completion of studies, construction works and supply of equipment for the Thriasio II Freight Railway Station and Screening Station (Thriasio II) by the companies Hellenic Train and Damco Energy.

The Joint Undertaking will undertake the operation, maintenance, exploitation, completion of studies, construction of works and supply of equipment of the E.S.S.DI. Thriasio Field (Thriasio II). 

Thriasio II will be a freight terminal in Greece that is one of a kind. It will serve the intermodal (road/rail) freight transport model and is expected to help increase the overall volume of rail freight transport. This is because the growth of intermodal transport, especially those that involve rail transport, has strong elements of economic benefit and environmental sustainability.

Hellenic Train currently has a very high market share in the market for the provision of rail freight services and a monopoly position in the market for the maintenance of railway rolling stock. In its in-depth investigation of the merger, the Competition Commission found that the acquisition of joint control in Triasio II could significantly impede the functioning of competition, in particular by strengthening Hellenic Train's dominant position in the market for rail freight services through exclusionary practices against its competitors. 

In the context of the assessment of this concentration, commitments were proposed and the Competition Commission consulted market participants. Following this, the Commission decided by a majority to clear the concentration subject to conditions (remedies) on the basis of the proposed commitments