The Italian Competition Authority unconditionally approves the creation of a cooperative banking group (Cassa Centrale Bancaria)

Merger, notification, autohorisation, banking, market definition, : clearance Phase (I) merger, economic efficiency, high market shares, relevant market, By a recent decision the Italian Competition Authority (ICA) has unconditionally approved the creation of a cooperative banking group [1]. The transaction reviewed in Cassa Centrale Bancaria was put in place by 95 cooperative banks, several of which operated in the North-East of Italy in the province of Trento. The entity resulting from the notified merger was expected to have high shares in many post-merger banking and financial markets in the province of Trento. Notwithstanding that, the ICA cleared the merger without imposing any remedies on the parties on the ground of the efficiency gains generated by the transaction and the

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Michele Giannino, The Italian Competition Authority unconditionally approves the creation of a cooperative banking group (Cassa Centrale Bancaria), 1 August 2018, e-Competitions Bulletin August 2018, Art. N° 87910

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