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CONCLUSIONS OF THE 35th
SESSION OF THE COUNCIL OF COMPETITION
SARAJEVO, 26 October 2006 - The Council of Competition in its 35th
session has adopted a Decision declaring a concentration,
constituted between Intesa Holding International S.A., 19-21
Boulevard du Prince Henri, L-1724 Luxemburg and UPI Banka d.d.
Sarajevo, Obala Kulina bana 9A, Sarajevo, compatible.
As the concentration concerned was not notified within the time
limits regulated by the law, the Council of Competition initiated
ex-officio a procedure for assessment of the concentration.
After examination and analysis of the data and facts during the
decision making procedure, the Council of Competition determined by
means of a Decision that Intesa Holding intends to acquire a
complete control over the UPI Banka by acquiring the majority share
of the legal capital of UPI Banka. At same time, it is assessed that
the concentration concerned shall not breach the competing rules and
that it shall enable increase of the market competition in the field
of banking services in Bosnia and Herzegovina.
As the concentration concerned was not notified within the ordered
time limits, the Council of Competition imposed a fine of 250.000KM
to Intesa Holding Internationsl S.A., Luxemburg.
The Council of Competition has adopted a Resolution on initiation of
the assessment procedure of the concentration constituted between
the Banka Domžale d.d. Domžale, Ljubljanska 62 and CBS Banka d.d.
Saarjevo, Džidžokovac 1, Sarajevo .
The Council of Competition also has adopted a Resolution on
initiation of the assessment procedure of the concentration
constituted between Nova Ljubljanska banka d.d., Trg Republike 2,
Ljubljana , Slovenia and Razvojna banka a.d. Banja Luka , Kralja
Petra I, Banja Luka .
During the assessment procedure of the concentrations concerned, the
Council of Competition shall investigate all facts connected to the
intended concentrations and whether the statutory terms regarding
the time limits for obligatory notification of the intended
concentrations are satisfied.
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