Clearance of the notified concentrations under ref. nos. 5203/26.07.2024 and 5205/26.07.2024 concerning, on the one hand, the merger by acquisition of “PANCRETA BANK S.A.” by “ATTICA BANK S.A.”, within the meaning of Article 5 (2) (a) of Law 3959/2011 and, on the other hand, the acquisition of sole control by the company under the name “THRIVEST HOLDING LTD” over the merged entity, within the meaning of Article 5 (2) (b) of Law 3959/2011.
Subject: Clearance of the notified concentration concerning, on the one hand, the merger between “PANCRETA BANK S.A.” and “ATTICA BANK S.A.” and, on the other hand, the acquisition of sole control by the company under the name “THRIVEST HOLDING LTD” over the merged entity
Decision adopted in the context of the simplified Settlement Procedure, provided for in Article 29a of Law 3959/2011, as in force, and according to HCC Decision no. 790/2022, on the joined cases concerning (a) the ex officio investigation conducted by the Directorate General for Competition (hereinafter “DGC”) into the market for the provision of banking services and, in particular, in the sub-markets for retail and corporate banking, card issuing and acquiring, as well as into the markets for interbanking systems, payment services and electronic transactions and (b) the ex officio investigation conducted by the DGC, following a complaint, into the markets for payment services, card issuing and merchant acquiring activities, provision of trading network services by use of electronic payment terminals and other devices, provision of acquiring processing services and interbanking systems, in order to determine whether there is an infringement of Articles 1 and 2 of Law 3959/2011 (Greek Competition Act), as in force, and 101 and 102 of the Treaty on the Functioning of the European Union (hereinafter “TFEU”) following the Settlement proposals submitted by the undertakings “PIRAEUS BANK S.A.”, “NATIΟNAL BANK ΟF GREECE S.A.”, “ALPHA BANK S.A.”, “EUROBANK S.A.”, “ATTICA BANK S.A.”, as well as by the HELLENIC BANKING ASSOCIATION (HBA).
For any question you want to ask about the sector inquiry and for more information, contact us by the following email address anakyklosi@epant.gr or directly with the inquiry team:
It is reminded that based on article 41 par. 2 of law 3959/2011, as in force, without prejudice to the provision of article 37 paragraph 2 of the Code of Criminal Procedure, the employees HCC's Directorate-General for Competition are obliged to keep confidentiality regarding confidentially details of companies, business associations or other natural or legal persons, which they receive on the occasion of their service (such as sales, prices, suppliers, trade policies, etc.). Similar provisions are provided by Treatment of confidential information
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