The Commission for the Protection of Competition (CPC) has approved Eurobank’s bid to acquire the share capital of Hellenic Bank.
The approval, passed by a narrow majority of 3-2, concludes the extensive scrutiny of the merger’s impact on market competition.
The Commission’s concerns, initially flagged in October 2023, stemmed from potential competition implications under the 2014 Control of Concentrations between Undertakings Law.
However, after a detailed investigation, which included additional insights from the involved entities and industry stakeholders, the Commission has resolved its initial reservations.
This decision paves the way for Eurobank to integrate Hellenic Bank’s operations, with the authorities confirming the merger’s alignment with competitive market practices.
The full details of the Commission’s verdict will be made available in the Republic’s Official Gazette and on the CPC’s official website, ensuring transparency and public access to the decision’s rationale.
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