The Commission for the Protection of Competition received a notification of a proposed concentration, concerning the acquisition of some of the activities of USB Bank Ltd by AstroBank Ltd.
AstroBank Ltd is a private company duly registered under the laws of the Republic of Cyprus. Its main activity is in the banking sector, and it provides a wide range of banking and financial services, including retail banking services, deposits and payment cards.
The target in this merger concerns the assets, liabilities and activities of USB Bank Ltd, which is a private limited liability company duly registered under the laws of the Republic. This company is active in the provision of banking services.