CELEX: 32012M6618
Language: en
Date: 2012-07-30 00:00:00
Title: Commission Decision of 30/07/2012 declaring a concentration to be compatible with the common market (Case No COMP/M.6618 - RAIFFEISEN BANK INTERNATIONAL / RAIFFEISEN BANK POLSKA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

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32012M6618

Commission Decision of 30/07/2012 declaring a concentration to be compatible with the common market (Case No COMP/M.6618 - RAIFFEISEN BANK INTERNATIONAL / RAIFFEISEN BANK POLSKA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |EUROPEAN COMMISSION     |
             Brussels, 30.07.2012
             PUBLIC VERSION C(2012) 5570
             SIMPLIFIED MERGER PROCEDURE
                                                                                      To the notifying party:
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             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.6618 - RAIFFEISEN BANK INTERNATIONAL/ RAIFFEISEN BANK POLSKA Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004  [1] 
            1.  On 21 June 2012, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking Raiffeisen Bank International AG (‘RBI’, Austria) acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of the undertaking Raiffeisen Bank Polska SA (‘RBPL’, Poland) hitherto jointly controlled by RBI and EFG Eurobank Ergasias SA (‘EFG Eurobank’, Greece) by way of purchase of shares by way of purchase of shares.
            2.  The business activities of the undertakings concerned are:
            -  RBI: a fully-consolidated subsidiary of Raiffeisen Zentralbank Österreich AG (Austria, ‘RZB’), the Austria based steering company of the RBI Group, which through a network of subsidiary banks, leasing companies and other financial service providers offers a comprehensive range of banking and financial services. RBI’s international activities focus on the emerging markets in Central and Eastern Europe. RBI is present in Poland through its subsidiaries RBPL and RLP,
            -  RBPL: operates under a Polish banking license with a focus on serving corporate customers and small and medium-sized enterprises.  [2]  
            3.  After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5 (b) and 5 (d) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 [3]  .  
            4.  For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation.
             For the Commission (Signed) Alexander ITALIANER Director General
            [1]OJ L 24, 29.1.2004, p. 1 ("the Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ("TFEU") has introduced certain changes, such as the replacement of "Community" by "Union" and "common market" by "internal market". The terminology of the TFEU will be used throughout this decision.
            [2]  Publication in the Official Journal of the European Union No C 208, 14.07.2012, p.6
            [3] OJ C 56, 5.3.2005, p. 32.