| Decision 556/2012 | |
|---|---|
| File (PDF) | Decision 556/2012 |
| Date of Issuance of Decision |
December 24th, 2012 |
| Issue Number of Government Bulletin | |
| Relevant Market |
Retail and Corporate Banking, Financial services |
| Subject of the Decision |
Merger |
| Legal Framework |
Phase I (Article 8 par. 3 of L. 3959/2011) |
| Operative part of the Decision |
Clearance |
| Acquiring company(ies) |
ALPHA BANK S.A. |
| Target company(ies) |
EMPORIKI BANK OF GREECE S.A. |
| Summary of Decision |
Prior notification, submitted by the société anonyme under the name "ALPHA BANK S.A.", concerning the transaction consisting in the acquisition of sole control over the société anonyme under the name "EMPORIKI BANK OF GREECE S.A.", through the acquisition of the latter by the former. By its unanimous Decision No. 556/VII/2012, the Hellenic Competition Commission (HCC) approved the transaction notified under article 6 of L. 3959/2011, consisting in the acquisition of sole control over “EMPORIKI BANK OF GREECE S.A.” by "ALPHA BANK S.A.". According to the decision, the notified concentration, which is primarily related to the sector of banking operations, does not raise serious doubts as to its compatibility with competition rules in the relevant markets concerned. |
| Judicial Means | - |
| Decisions by the Court of Appeal of Athens (Administrative Division) | - |
