On November 5th the Albanian Competition Authority has received the notification of the transaction made based on the tender announced by the National Bank of Greece S.A (‘NBG’) for all common shares registered in Eurobank Ergasias S.A on October 5th with the purpose of the acquisition of control of Eurobank Ergasias S.A by National Bank of Greece S.A through the acquisition of 75% of share capital of Eurobank Ergasias S.A.
The activity of the participants:
– National Bank of Greece S.A: is a financial institution listed in New York’s and Athens’ stock market, which offers a wide variety of integrated products and financial services including banking services for individuals, corporations, investments etc;
– Eurobank Ergasias S.A: is a credit institution listed in Athens’ stock market, which offers financial and banking products and services, including banking services for individuals, corporations, banking investment services etc.
From reviewing the documentation, it results that the notified transaction is in accordance with the article 10/1/b and article 12/1 of the Law.
The Authority invites the participants to express their opinions about the notified transaction. Opinions must be submitted no later than 15 days from the publication of this notice.
Opinions may be sent to the Albanian Competition Authority via fax (no. 0355 4 22 34 497), via mail in the address: Albanian Competition Authority, “Sami Frashëri” street, no. 4, IV floor Tirana; or via e-mail in the address competition@caa.gov.al.
Case: Acquisition of control National Bank of Greece S.A – Eurobank Ergasias S.A