The Italian Competition Authority closes an infringement procedure on implementation of the remedies imposed for the approval of a merger in the banking sector (Banca Intesa / San Paolo IMI)

By a recent decision [1], the Italian Competition Authority (ICA) has closed the infringement procedure on whether the parties to the bank merger Banca Intesa/San Paolo IMI had correctly implemented the remedies imposed in the conditional authorization of the transaction [2]. The ICA was happy with the measures taken by the parties to ensure the correct implementation of the remedies and did not fine them. The facts of the case Believing that the parties to the Banca Intesa/San Paolo IMI merger might have wrongly implemented a divestment remedy, the ICA opened an infringement procedure under Article 19 of the Act 287/1990 [3]. The ICA feared that the parties had infringed the obligations it had imposed to ensure that Crédit Agricole (CA), the proposed buyer of the assets to be

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

Auteur

  • Desogus Law Office (Cagliari)

Citation

Michele Giannino, The Italian Competition Authority closes an infringement procedure on implementation of the remedies imposed for the approval of a merger in the banking sector (Banca Intesa / San Paolo IMI), 13 juillet 2011, e-Competitions July 2011, Art. N° 38136

Visites 348

Tous les numéros

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