The Service of the Commission for the Protection of Competition on the 24th of July 2008 received on behalf of the company Piraeus Bank Romania S.A., notification of a proposed concentration according to Article 13 of the Control of Concentration between Enterprises Law (Number 22(I)/99), concerning an agreement by which Piraeus Bank Romania S.A. will acquire 51% of the issued share capital of the company Finnagan Holdings Limited from Hunterfield Limited.
” Piraeus Bank Romania S.A.” main activities concentrate in the banking sector.
“Finnagan Holdings Limited” only operation is the holding of the issued share capital of Capital Partners SRL.
” Hunterfield Limited” only operation is the holding of the issued share capital of Finnagan Holdings Limited
” Capital Partners SRL” is mainly active in the advisory services sector in connection with mergers and acquisitions, the placement of securities either privately or to the pubic at large, the financing of business undertakings including the financing of real estate development, real estate brokerage and the capital structure of corporations.
On the 18th of September 2008, the Commission for the Protection of Competition, based on the findings of the preliminary investigation of the notified concentration that the Service conducted and submitted to the C.P.C., and acting on the basis of the Law in force, concluded that, even though the concentration comes within the ambit of the law, it does not raise serious doubts as to its compatibility with the competitive market and thus declared compatible with the competitive market.