| Decision 578/2013 | |
|---|---|
| File (PDF) | Decision 578/2013 |
| Date of Issuance of Decision |
November 13th, 2013 |
| Government Gazette Issue No | |
| Relevant Market |
Retail and Corporate Banking, Financial Services |
| Subject of the Decision |
Merger |
| Legal Framework |
Phase Ι (Article 8 par. 3 of L. 3959/2011) |
| Operative part of the Decision |
Clearance |
|
Acquiring company(ies) |
Eurobank-Ergasias S.A. |
|
Target company (ies) |
New Proton Bank S.A. |
| Summary of Decision |
The Plenary Session of the Hellenic Competition Commission (HCC), with its no. 578/VII/2013 unanimous decision, approved the notified concentration with regard to the acquisition of sole control by the banking company “Eurobank-Ergasias S.A” over the transitional credit institution under the name “New Proton Bank S.A.”, pursuant to article 8 par.3 of L. 3959/2011. The Hellenic Competition Commission considered that the concentration under question, which refers primarily to the banking sector, does not raise serious doubts as to its compatibility with the competition rules in the relevant markets concerned. |
| Judicial Means |
Final. No appeal. |
| Decisions by the Court of Appeal of Athens (Administrative Division) |
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