Monday, 15 July 2013 00:00

Decision 568/2013

Decision on the prior notification, pursuant to Article 6 par. 1-3 of L. 3959/2011 of 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 “FBB - First Business Bank S.A.”.

Decision 568/2013
File (PDF) Decision 568/2013
Date of Issuance of Decision

July 15th, 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)

FBB - First Business Bank S.A.

Summary of Decision

The competent Chamber of the Hellenic Competition Commission (HCC), with its no. 576/VII/2013 unanimous decision, approved, pursuant to article 8 par. 3 of L. 3959/2011, the notified merger resulting from the transfer to “National Bank οf Greece S.A.” of part of the corporate activity of the company under the name “FBB - First Business Bank S.A.”.  The revocation/recall of the operating license of FBB and its placement in a special clearance regime pursuant to the procedure of law 3601/2007, preceded the notified transfer.

By its decision, the Hellenic Competition Commission considered that the aforementioned 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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