With regard to the wholesale market, it is mainly developed through subsidiaries or, in the case of ADBA, also through a small number of independent importers13. Since neither of the parties undertakes wholesale or retail distribution of competitive brands and have limited interest in undertakings active at retail level, the market shares are at the highest a function of their upstream positions. The estimated market shares after the operation will be [10-20]% for the wholesale market ([10-20]% for GM and [0-5]% for ADAB), and less than [0-5]% for the retail distribution of passenger cars and LCVs.