|
CONCLUSIONS OF THE 31st
SESSION OF THE COUNCIL OF COMPETITION OF BH
On 14.07.2006. the Council of Competition issued a Decision on
allowed concentration between Bayerische Hypo-und-Vereinsbank AG
(HVB), with the seat in Munich, Germany and UniCredito Italiano
S.p.A (UCI), with the seat in Milan, Italy.
The Council of Competition got a notification on concentration from
UniCredito Italiano S.p.A (UCI), on their intention to take control
over Bayerische Hypo-und-Vereinsbank AG (HVB). The concentration of
these two banks presents an exteritorial concentration, which
significntly acts and affects the bank and financial market.
European Comission has evaluated this concentration as allowable in
European Union countries.
The bank and financial services in Bosnia and Herzegovna are
affected through subsidiary asociations of the said banks: UniCredit
Zagrebačka Banka d.d - Mostar, HVB Central Profit Banka d.d. -
Sarajevo and Nova Banjalučka Banka - Banja Luka and through other
subsidiary asociations and the persons conected to them.
Having the detailed legal and economic analysis, the Council of
Competition has ascertained that, in spite of the increased market
share of the parties to concentration, the concentration will not
have negative affects to the bank and financial market of Bosnia and
Herzegovina.
The Council of Competition initiates an assessment of the
concentration between NLB Tuzlanske banke d.d. Tuzla and CBS Banke
d.d Sarajevo.
During the assessment procedure, the
Council of Competition will examine all facts of the concentration
concerned and weather the parties to the concentration have
satisfied the time limits on obligatory notification of the
concentration.
|
