PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2018/23 - Abanca / Atividade de “Clientes Particulares e Comerciais” da Sucursal Portuguesa do Deutsche Bank AG
Acquiring
Abanca Corporación Bancaria, S.A.
Description
Company active in the financial sector.
Acquired
Assets Deutsche Bank AG
Description
Assets active in the financial sector.
Sector
  • Banking, Financial and Insurance activities
Activity (NACE)
  • K64 - Financial service activities, except insurance and pension funding
Applicable legislation
Art. 37(1)(b) (Law 19)
Notification thresholds
Combined threshold (Market Share and Turnover)
Type of merger
Horizontal
Cooperation with sector regulators
  • ASF - Insurance and Pension Fund Supervisory Authority
  • BdP - Bank of Portugal
  • CMVM - Securities Market Commission
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
The notified concentration consists of the acquisition of sole control over Atividade de "Clientes Particulares e Comerciais" da Sucursal Portuguesa do Deutsche Bank AG by Abanca
Timeline
2018-06-21
2018-05-23
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