The Italian Competition Authority clears a major concentration in the banking sector subject to remedies (Banche Popolari Unite / Banca Lombarda e Piemontese)

Prastaro, Alessandra

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6 Feb 2007

The Italian Competition Authority clears a major concentration in the banking sector subject to remedies (Banche Popolari Unite / Banca Lombarda e Piemontese)

KEYWORDS

Reference

Italian Competition Authority (ICA), Banche Popolari Unite / Banca Lombarda e Piemontese, C8277, ICA’s Bulletin no. 13/2007, 6 February 2007 (Italian)

The operation Banche Popolari Unite (UBI) and Banca Lombarda e Piemontese are two banking groups based in Italy, after the merger BPU will be the major Italian folk cooperative bank. The market(s) Retail banking, mutual funds, management of customers' securities portfolios (GPFs and GPM), life insurance products. Remedy 1: Sale of branches UBI, the new consolidated entity, must sell several branches in the Provinces of Brescia and Bergamo to bring its local market share

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Author

Alessandra Prastaro
Chiomenti (Rome)

Italy 19 contributions 51317 visits

Quotation

Alessandra Prastaro, The Italian Competition Authority clears a major concentration in the banking sector subject to remedies (Banche Popolari Unite / Banca Lombarda e Piemontese), 6 February 2007, e-Competitions February 2007, Art. N° 20802

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