The Serbian Competition Authority confirms the application of merger control rules to foreign-to-foreign transactions in a merger case concerning two banks (Sberbank and DenizBank)

On 4 July 2012, the Serbian Competition Authority (the “Competition Authority”) issued a decision approving a merger between Sberbank of Russia, a company with its registered seat at Moscow, the Russian Federation (“Sberbank”), and DenizBank A.S., a company with its registered seat at Istanbul, Republic of Turkey (“DenizBank”). In this transaction, Sberbank acquired 99.85 per cent of shares in DenizBank from two Belgian companies, Dexia Participation Belgique SA and Dexia NV/SA. This acquisition is considered to be the biggest investment undertaken by Sberbank in the whole of its 170-year long history. Parties and the transaction Sberbank is one of the leading banking institutions in the Russian Federation, commanding a share of 30 per cent of the Russian banking market. It is also a

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

Quotation

Mirko Lalatovic, Tijana Arsenijevic, The Serbian Competition Authority confirms the application of merger control rules to foreign-to-foreign transactions in a merger case concerning two banks (Sberbank and DenizBank), 4 July 2012, e-Competitions Bulletin July 2012, Art. N° 48238

Visites 149

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues