Decision 569/2013 | |
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File (PDF) | Decision 569/2013 |
Date of Publication of Decision | July 19th, 2013 |
Issue Number of Government Bulletin | |
Relevant Market |
Retail and Business Banking, Financial Services |
Subject of the Decision |
Merger |
Legal Framework |
Article 9 par. 3 L. 3959/2011 |
Operative part of the Decision |
Derogation was allowed |
Notifying company/ies |
EUROBANK ERGASIAS BANK SA |
Controlled |
1. New Proton Bank SA 2. New Postal Savings Bank of Greece ATE |
Summary of Decision |
The HCC, following no. 5801/19.07.2013 & 5802/19.07.2013 requests for derogation by "EUROBANK ERGASIAS BANK SA", granted derogation, according to article 9 par. 3 of law 3959/2011, from the obligation of not concluding the mergers regarding the intended acquisition by the applicant, through relevant agreements, of the 100% of the shares of the companies under the name: a) "New Postal Savings Bank of Greece SA" and b) "New Proton Bank SA.», without a clearance decision by the HCC. The Bank is obliged to inform the HCC about the progress of the abovementioned transactions. |
Judicial Means | Final. No judicial proceedings. |
Decisions by the Court of Appeal of Athens (Administrative Division) | - |