Monday, 24 December 2012 00:00

Decision 556/2012

Decision following prior notification of concentration, according to article 6 par. 1-3 of L. 3959/2011, regarding the acquisition of sole control over “EMPORIKI BANK” by “ALPHA BANK”, through the acquisition of the former by the latter.

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) -
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