The Italian Competition Authority finds the commitments proposed by the parties suitable to ensure the correct implementation of the remedies imposed for the approval of a bank merger (Banca Intesa / San Paolo IMI)

It seems that the Banca Intesa/San Paolo IMI merger case may finally come to an end. By a recent decision, the Italian Competition Authority (ICA) accepted the remedies offered by the parties to ensure the correct implementation of the obligations they undertook for the regulatory approval of the Banca Intesa acquisition of San Paolo IMI [1]. The issue that such remedies were aimed at were the ICA's concern that the buyer identified by the parties was not an independent undertaking of the former. The facts of the case and the ICA decision The ICA

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Auteur

  • Desogus Law Office (Cagliari)

Citation

Michele Giannino, The Italian Competition Authority finds the commitments proposed by the parties suitable to ensure the correct implementation of the remedies imposed for the approval of a bank merger (Banca Intesa / San Paolo IMI), 18 février 2010, e-Competitions February 2010, Art. N° 31022

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