The Spanish Competition Authority approves the take-over merger between two national banks subject to conditions (Liberbank / Unicaja Banco)

The CNMC approves the take-over merger of Liberbank, S.A. by Unicaja Banco, S.A., subject to certain commitments* The CNMC assessed the commitments proposed by Unicaja to resolve the competition issues resulting from the operation.These affect some of the branches in the province of Cáceres, where the new entity has high concentration indices.The acquisition primarily concerns the retail banking market and merges the seventh and eleventh biggest banks in the country. The CNMC cleared in Phase I the take-over merger of Liberbank by Unicaja. It is subject to compliance with the undertakings submitted by Unicaja as a result of the merger of the seventh and eleventh biggest banks in the country (C/1194/21). The effects of the operation primarily