Antitrust body conditionally OKs takeover of Renault Nissan Croatia by Grand Automotive

Grand Automotive LLP is an authorised distributor of Hyundai, Nissan and Ford new motor vehicles in Croatia. In the post-merger period Grand Automotive LLP will transfer its shares in Renault Nissan Croatia to a special purpose vehicle under its control, Grand Automotive RD, the anti-trust body, AZTN, said in a press release last week.

Renault Nissan Croatia is an authorised distributor of Renault, Dacia and Nissan brands in the country.

This concentration can only be allowed subject to remedies that would eliminate anti-competitive effects of the concentration in the market for the sale of original spare parts for motor vehicles of the Hyundai, Ford, Renault, Nissan and Dacia brands as well as in the market for the provision of repair and maintenance services for these brands in Croatia, AZTN said.

According to data from the Croatian court registry, the commercial court in Zagreb on October 6 registered Israel-based Grand Automotive RD as sole owner of Renault Nissan Croatia. Prior to that, its owner was French automotive company Renault.

On October 28, the same court registered GA Croatia as the new name of Renault Nissan Croatia.