Case details

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Merger control
Case reference
Ccent/2025/80 - Novo Banco / Unicre
Acquiring
Novo Banco, S.A.
Description
It is a credit institution incorporated as a public limited company under Portuguese law, whose main activity is within the scope of universal banking, including granting credit, accepting deposits, managing assets and providing other financial services to individual clients, companies and institutions.
Acquired
UNICRE - Instituição Financeira de Crédito, S.A.
Description
It is a financial credit institution, incorporated as a public limited company under Portuguese law, whose activity focuses on granting consumer credit, issuing and managing credit cards, brokering insurance in financial products, as well as acquiring activities. It owns and operates the Unibanco business unit, which is dedicated to offering financial products and services, namely consumer credit and credit cards, aimed at individual and business clients in Portugal.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Ongoing
Type of Investigation
AdC’s decision
Case description

The merger consists of the acquisition by Novo Banco, S.A. (“Novo Banco”) of exclusive control over the Unibanco business unit, including the activities, assets and liabilities associated with it, currently owned and operated by Unicre – Instituição Financeira de Crédito, S.A. (“Unicre”).

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