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Bucharest
January 25, 2022
BUSINESS

Competition Council clears EFG Eurobank – Alpha Bank merger

The Competition Council gave green light to the absorption of EFG Eurobank by Alpha Bank and ruled that it does not distort the competition on the Romanian market. “The analysis conducted by the competition authority revealed that the notified operation does not raise significant obstacles to competition on the Romanian market, respectively it will not lead to creating or consolidating a dominant position of the company that will result from the merger, which would have as effect restraining, removing or significantly distorting competition on the Romanian market or on a segment of this market,” reads a press release issued by the Competition Council.

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