RBI: Acquisition of Polbank Stake Advancing

Professional ServicesBanks ♦ Published: June 30, 2011; 14:26 ♦ (Vindobona)

The Austrian bank has received anti-trust approval of the deal. Closing and operational merger are expected in Q4/2011 or Q1/2012.

RBI: Acquisition of Polbank Stake Advancing / Picture: © Raiffeisen Bank International AG / S. Klimpt

The European Commission announced on June 30 that it has cleared the proposed merger of the respective Polish bank subsidiaries of Raiffeisen Bank International AG (RBI) and EFG Eurobank Ergasias S.A. under the EU Merger Regulation. The European Commission determined that the merger of Raiffeisen Bank Polska S.A (RBPL) and Polbank EFG does not raise any competition concerns in the…