Thursday, 19 December 2013 00:00

Decision 584/2013

Decision following prior notification, pursuant to Article 6 par. 1-3 of L. 3959/2011 by the banking company under the name “Eurobank Ergasias S.A”regarding the acquisition of sole control over the transitional credit institution under the name “New Hellenic Postbank”.

Decision 584/2013
File (PDF) Decision 584/2013
Date of Issuance of Decision

December 19th, 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 Hellenic Postbank

Summary of Decision

The Plenary Session of the Hellenic Competition Commission (HCC), under its no. 584/VII/2013 unanimous decision, approved the notified concentration with regard to the acquisition of sole control by the company “Eurobank Ergasias S.A”over the transitional credit institution under the name “New Hellenic Postbank”, pursuant to article 8 of L. 3959/2011.

The Competition Commission considered that this concentration, 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.

It is pointed out that the Hellenic Competition Commission had already allowed, with its preliminary decision of 19.7.2013, by way of derogation, the implementation of the above transaction, before the approval decision of the HCC.

Judicial Means  Final. No appeal.
Decisions by the Court of Appeal of Athens (Administrative Division) -
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