The French Competition Authority conditionally clears in phase I a merger in the banking sector (Banque Populaire / Caisse d’Epargne)

Facing its first newsworthy merger since the Law of Modernization of the Economy came into force [1], the French National Competition Authority (NCA) cleared in Phase I a merger in the banking sector between Groupe Banque Populaire and Groupe Caisse d'Epargne after having (i) laid down stringent criteria to identify potentially harmful increases of market power at the local level relying on thresholds of aggregate market shares held by both banking groups within a department, for the corporate banking market, and within a radius representing a distance covered by car in twenty minutes, for the retail banking market, and (ii) accepted behavioral remedies aiming at ensuring that local conditions of competition in the Réunion island will be preserved, including the commitment to maintain

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

Author

  • University of Paris I Panthéon-Sorbonne

Quotation

Alexandre Palka, The French Competition Authority conditionally clears in phase I a merger in the banking sector (Banque Populaire / Caisse d’Epargne), 22 June 2009, e-Competitions June 2009, Art. N° 28307

Visites 4490

All issues

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