EC clears sale of Alpha Bank Romania to UniCredit
<p>The European Commission has approved, under the EU merger regulation, the takeover of the local bank Alpha Bank Romania SA by the Italian banking group UniCredit.</p>

<p>"The Commission concluded that the transaction does not raise competition concerns, given the limited market positions of the companies resulting from the proposed transaction. The transaction was examined under a simplified merger review procedure," reads the press release of the Community Executive, quoted by <a href="https://www.profit.ro/povesti-cu-profit/financiar/comisia-europeana-a-aprobat-preluarea-alpha-bank-romania-de-catre-unicredit-21627291?mc_cid=d00101ba9e&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Profit.ro</a>.</p>

<p>The merger between UniCredit Bank SA and Alpha Bank Romania SA will create the third largest bank on the local market, with a combined market share of 12% in terms of total assets.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com/" rel="noopener" target="_blank">Cristi Croitoru/Dreamstime.com</a>)</em></p>