The German Competition Authority clears a merger in the financial sector under the condition that there are no concerns regarding a potential violation of cartel law (Eurohypo)

Foundation of Eurohypo AG under further examination after clearance* The Bundeskartellamt has concluded its examination under merger control of the foundation of Eurohypo AG, Frankfurt, by a merger of the three mortgage banking subsidiaries of the commercial banks Deutsche Bank AG, Frankfurt, Dresdner Bank AG, Frankfurt, and Commerzbank AG, Frankfurt. The planned merger was to be cleared in this respect since it does not lead to the creation or strengthening of dominant positions. The President of the Bundeskartellamt, Dr Böge, stated: “The implementation of the planned merger, however, is only possible under

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German Competition Authority, The German Competition Authority clears a merger in the financial sector under the condition that there are no concerns regarding a potential violation of cartel law (Eurohypo), 19 June 2002, e-Competitions June 2002, Art. N° 66665

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