The Georgian Competition and Consumer Agency (GCCA) has assessed and recognized as compatible with the competitive environment the concentration implemented through the acquisition of an 80% share in LLC “TKJ” by natural person Tornike Kotetishvili.
LLC “TKJ” is engaged in the sale and maintenance of heating and cooling systems designed for automotive, container, and refrigeration-warehouse applications. The parties involved in the transaction, as well as their related entities, operate in different markets. Taking this into account, along with the market position of the target undertaking, the Agency concluded that the concentration would not have an adverse impact on competition and is compatible with the competitive environment.
In accordance with Georgian legislation, concentration is subject to notification to the Agency if the aggregate (total) joint income of its participants on the territory of Georgia, exceeds 20 million GEL and the joint income of at least two persons participating in the concentration exceeds 5 million GEL for the previous financial year. In case of bypassing the Competition Agency subject to the mandatory notification, before the Agency reviews the notification or despite the negative conclusion, the person with the obligation to submit the notification shall be fined.
In 2025, the Georgian Competition and Consumer Agency has approved 15 concentrations, with one additional case currently under review.
