Wednesday, 13 November 2013 00:00

Decision 578/2013

Decision on a prior notification of a concentration, 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 Proton Bank S.A.”.

Decision 578/2013
File (PDF) Decision 578/2013
Date of Issuance of Decision

November 13th, 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 Proton Bank S.A.

Summary of Decision

The Plenary Session of the Hellenic Competition Commission (HCC), with its no. 578/VII/2013 unanimous decision, approved the notified concentration with regard to the acquisition of sole control by the banking company “Eurobank-Ergasias S.A” over the transitional credit institution under the name “New Proton Bank S.A.”, pursuant to article 8 par.3 of L. 3959/2011.

The Hellenic Competition Commission considered that the concentration under question, 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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