European Commission
Commission clears acquisition of 365.bank by KBC
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of 365.bank, a.s. (‘365.bank') of Slovakia by KBC Group N.V. of Belgium, which controls KBC Bank N.V. (‘KBC').
The transaction relates primarily to the Slovak retail and corporate banking markets.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited combined market position resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission's competition website, in the public case register under the case number M.12050.
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