| Decision 679/2019 | |
|---|---|
| File (PDF) | Decision 678/2019 |
| Date of Publication of Decision | January 21st, 2019 |
| Issue Number of Government Bulletin | 2057/Β/30.05.2020 |
| Relevant Market | Asset management, Retail and Corporate Banking |
| Proceedings | Merger |
| Legal Framework | Phase I (Article 8 par. 3 of the Greek Competition Act 3959/2011) |
| Decision | Clearance |
| Acquiring Company |
IREON INVESTMENTS LTD |
| Target Companies |
1. INVESTMENT BANK OF GREECE S.A. 2. CPB ASSET MANAGEMENT AEDAK 3. LAIKI FACTORS & FORFAITERS S.A. |
| Summary of Decision | On 08/01/2019, the Chamber of the Hellenic Competition Commission unanimously cleared, pursuant to Article 8(3) of the Greek Competition Act 3959/2011, the concentration which concerns the acquisition of a) INVESTMENT BANK OF GREECE S.A., b) CPB ASSET MANAGEMENT AEDAK and c) LAIKI FACTORS AND FORFAITERS S.A. by IREON INVESTMENTS LTD since the transaction, while falling within the scope of Article 6(1) of the Greek Competition Act 3959/2011, does not raise any doubts as to its compatibility with merger control rules in the relevant markets. |
| Judicial Means | Final. Decision has not been appealed |
| Decisions by the Court of Appeal of Athens (Administrative Division) | - |
