# C_2016210EN.01001801.xml

| 11.6.2016 | EN | Official Journal of the European Union | C 210/18 |
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11.6.2016

EN

Official Journal of the European Union

C 210/18

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Prior notification of a concentration

(Case M.7947 — Banco Santander Totta/BANIF)

(Text with EEA relevance)

(2016/C 210/11)

| 1. | On 2 June 2016 the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Banco Santander Totta, SA (‘BST’, Portugal), the Portuguese subsidiary of the Santander Group (Spain), acquires within the meaning of Article 3(1) of the Merger Regulation sole control of a set of assets and liabilities of Banco Internacional do Funchal, SA (‘BANIF’, Portugal), within the context of a resolution measure adopted by Banco de Portugal. |
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1.

On 2 June 2016 the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Banco Santander Totta, SA (‘BST’, Portugal), the Portuguese subsidiary of the Santander Group (Spain), acquires within the meaning of Article 3(1) of the Merger Regulation sole control of a set of assets and liabilities of Banco Internacional do Funchal, SA (‘BANIF’, Portugal), within the context of a resolution measure adopted by Banco de Portugal.

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| 2. | The business activities of the undertakings concerned are:
  —   for BST: retail and corporate banking, finance and insurance,
  —   for BANIF: retail and corporate banking. |
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2.

The business activities of the undertakings concerned are:

—   for BST: retail and corporate banking, finance and insurance,

for BST

—   for BANIF: retail and corporate banking.

for BANIF

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. |
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3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.

| 4. | The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
  Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7947 — Banco Santander Totta/BANIF, to the following address:





  European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

4.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7947 — Banco Santander Totta/BANIF, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

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(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

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