The Hungarian Competition Authority clears the acquisition of a real estate management company by a holding company of a bank (CIL Buda Square Ingatlanhasznosító / Óbudai Dunapart Irodaház Központ / CIB Bank)

On 21 August 2008 CIL Buda Square Ingatlanhasznosító Kft. (“CIL”), a Hungarian property management company owned by CIB Bank Zrt. (“CIB Bank”) acquired from IMMOCAMP S.A. and Jason Invest and Trade LLC 100 per cent of the business quotas in Óbudai Dunapart Irodaház Központ Kft. (“Dunapart”). According to CIL, the temporary acquisition and the anticipated resale was for an investment purpose, which qualifies as an exemption under the Hungarian Competition Act from the obligation to obtain the approval of the transaction by the Hungarian Competition Office (the “HCO”). Consequently, CIL did not submit an application for clearance at the time of the

L'accès à cet article est réservé aux abonnés

Déjà abonné ? Identifiez-vous

L’accès à cet article est réservé aux abonnés.

Lire gratuitement un article

Vous pouvez lire cet article gratuitement en vous inscrivant.

 

Version PDF

Auteurs

  • Lakatos, Köves & Partners (Budapest)
  • Kinstellar

Citation

Eszter Ritter, Csaba Koltai, The Hungarian Competition Authority clears the acquisition of a real estate management company by a holding company of a bank (CIL Buda Square Ingatlanhasznosító / Óbudai Dunapart Irodaház Központ / CIB Bank), 3 juillet 2009, e-Competitions July 2009, Art. N° 32019

Visites 624

Tous les numéros

  • Latest News issue 
  • Tous les News issues
  • Latest Special issue 
  • Tous les Special issues