VALEA / Rockaway Media / Rockaway Arts Merger Approved (Simplified Procedure)
Summary
The European Commission approved the acquisition of joint control over Rockaway Arts a.s. by Valea Foundation (Liechtenstein) and Rockaway Media a.s. (Czech Republic) under the simplified merger procedure. The Commission declared the concentration compatible with the internal market and the EEA Agreement, adopting the decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004.
What changed
The European Commission approved the merger creating joint control over Rockaway Arts a.s., a Czech holding company focused on cultural and arts activities including film and music festivals, film distribution, and VOD services. The transaction was reviewed under the simplified treatment procedure for certain concentrations.
The decision has minimal compliance implications as the simplified procedure indicates no substantive competition concerns were identified. The parties may proceed with the transaction. No remedies, conditions, or ongoing reporting obligations appear to be imposed.
What to do next
- Monitor for any post-approval conditions or obligations
Archived snapshot
Apr 11, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
EUROPEAN COMMISSION
DG Competition
Case M.12295 - VALEA / ROCKAWAY
MEDIA / ROCKAWAY ARTS
Only the English text is available and authentic. REGULATION (EC) No 139/2004
MERGER PROCEDURE
Article 6(1)(b)
Date: 27/03/2026
In electronic form on the EUR-Lex website under document number 32026M12295
Brussels, 27.3.2026 C(2026) 2253 final
PUBLIC VERSION
VALEA FOUNDATION c/o Legacon Treuhand, Anstalt, Landstrasse 99 9494 Schaan Liechtenstein Rockaway Media a.s. Generála Píky 430/26, Dejvice 160 00 Prague 6 Czechia
Subject: Case M.12295 - VALEA / ROCKAWAY MEDIA / ROCKAWAY ARTS Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 ( ) and Article 57 of the Agreement on the European 1 Economic Area ( ) 2
Dear Sir or Madam,
(1) On 24 February 2026, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation, by which VALEA FOUNDATION (Principality of Liechtenstein) and Rockaway Media a.s. (Czech Republic), will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control over the whole of the undertaking Rockaway Arts a.s. (Czech Republic) by way of purchase of shares (the "Transaction"). ( ) 3 (2) The business activities of the undertakings concerned are the following: - VALEA FOUNDATION is a private foundation whose main activity is the (indirect) holding of a sole controlling interest in the KKCG Group. The
() OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty 1 on the Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of 'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used throughout this decision. () OJ L 1, 3.1.1994, p. 3 (the 'EEA Agreement'). 2 ) OJ C, C/2026/1395, 5.3.2026. (3
EUROPEAN COMMISSION
KKCG Group invests in various business areas, including lotteries and gaming, energy, real estate and information technologies. - Rockaway Media a.s. is a holding company that prior to the Transaction holds 100% of the shares in the Rockaway Arts a.s.. Rockaway Media a.s. is part of a business group, which is ultimately controlled by Mr Jakub Havrlant. The activities of the group primarily concern e-commerce, financial technologies, media and book publishing, venture capital, defence industry products, real estate development investments, blockchain and crypto assets. (3) Rockaway Arts a.s. is a holding company that holds controlling stakes in several entities focused on the cultural and arts sector in the Czech Republic. Activities of Rockaway Arts a.s. include the organisation of film and music festivals and design events, film distribution and operation of a VOD online television service and an online TV channel. (4) After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraphs 5(b) and 5(c) of the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004. ( ) 4 (5) For the reasons set out in the Notice on a simplified treatment, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.
For the Commission (Signed)
Linsey MCCALLUM
Director-General (acting) Directorate-General for Competition
() OJ C 160, 5.5.2023, p. 1 (the 'Notice on a simplified treatment'). 4
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