| 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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