Wednesday, 03 July 2013 00:00

Decision 566/2013

Decision on the prior notification of a concentration, pursuant to Article 6 par. 1-3 of L. 3959/2011 by the banking company under the name “Piraeus Bank S.A.” regarding the acquisition of sole control over the banking company under the name “Bank Millennium S.A.”.

Decision 566/2013
File (PDF) Decision 566/2013
Date of Issuance of Decision

July 3rd, 2013

Government Gazette Issue No
Relevant Market

Retail Banking, 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)

Piraeus Bank S.A. 

Target company (ies)

Bank Millennium S.A.

Summary of Decision

The competent Chamber of the Hellenic Competition Commission (HCC), approved, pursuant to article 8 par. 3 of L. 3959/2011, the notified concentration with regard to the acquisition by the banking company “Piraeus Bank S.A.” of sole control over the banking company “Bank Millennium S.A.”.  By its decision, the Hellenic 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.

Judicial Means

Final. No appeal.

Decisions by the Court of Appeal of Athens (Administrative Division)

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