The Competition Council is analyzing the deal by which Intesa Sanpaolo SpA intends to acquire First Bank SA, the agency said in a statement.
Intesa Sanpaolo SpA mainly operates in the financial and banking sector, being the parent company of the Intesa Sanpaolo group. The Intesa Group is represented in Romania through the Romanian subsidiary Banca Comerciala Intesa Sanpaolo Romania SA
First Bank SA is a credit institution operating in the financial and banking market of Romania, operating a network of 40 branches and offering services to both individuals and legal entities.
In accordance with the provisions of the Competition Law (No. 21/1996), this transaction must be authorized by the Competition Council, which will assess it for compatibility with a normal competitive environment and issue a decision within the time limits provided by law.
Any comments and points of view can be sent to the competition authority within 20 days.
Photo source: Dreamstime
Source: Hot News
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