Monday, 21 January 2019 14:06

Decision 678/2019

Decision on the proposed acquisition by IREON INVESTMENTS LTD., a 100% subsidiary company of MOTOR OIL (HELLAS) S.A., of a) INVESTMENT BANK OF GREECE S.A., b) CPB ASSET MANAGEMENT AEDAK and c) LAIKI FACTORS & FORFAITERS S.A.

 

 

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) -
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