Tuesday, 22 October 2013 00:00

Decision 576/2013

Decision following prior notification, pursuant to Article 6 par. 1-3 of L. 3959/2011 by the banking company under the name “National Bank of Greece S.A.” regarding the acquisition of selected assets and liabilities of the, under special clearance, banking company under the name “PROBANK S.A.”.

Decision 576/2013
File (PDF) Decision 576/2013
Date of Issuance of Decision

October 22nd, 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)

National Bank of Greece S.A.

 

Target company (ies)

PROBANK S.A.

Summary of Decision

The Plenary Session of the Hellenic Competition Commission (HCC), with its no. 576/VII/2013 unanimous decision, approved the notified concentration with regard to the acquisition of control by the banking company “National Bank of Greece S.A” over the assets and liabilities of the, under special clearance, banking company under the name “PROBANK S.A.”, pursuant to article 8 par. 3 of L. 3959/2011.

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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