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Case details

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Merger control
Case reference
CCENT/2005/62 - BANCO SANTANDER CH/ INTERBANCO
Acquiring
Banco Santander Central Hispano, S.A.
Description
the parent company of the Grupo Santander, a financial group whose main activity is in the banking market (financial intermediation).
Acquired
Interbanco, S.A.
Description
a bank specializing in motor vehicle financing (financial leasing and other credit activities);
Sector
  • Banking, Financial and Insurance activities
Activity (NACE)
  • K64 - Financial service activities, except insurance and pension funding
Applicable legislation
Art. 9(1)(b) (Law 18)
Notification thresholds
Turnover
Type of merger
Horizontal
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description
Notified on 7 October 2005, this merger consists of the acquisition of sole control of the undertaking Interbanco SA by Banco Santander Central Hispano SA, via one of its subsidiaries.
Timeline
2005-12-09
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