Merger control: Commission clears proposed acquisition of parts of ABN AMRO’s assets by Deutsche Bank

The Commission has cleared the acquisition of certain assets of ABN AMRO, of the Netherlands, by Deutsche Bank, of Germany. Deutsche Bank is active in investment and banking services worldwide. ABN AMRO is a globally active international banking group. The ABN AMRO assets to be acquired by Deutsche Bank include the Hollandsche Bank Unie N.V., two of ABN AMRO’s corporate client departments and thirteen of its commercial advisory centres as well as its Dutch factoring subsidiary IFN. The Commission concluded that the proposed acquisition will not create or strengthen such a dominant market position that would significantly impede effective competition in the EEA or in any substantial part thereof.

Source: Commission Press Release 1/10/2008

Roschier, Attorneys Ltd. - Finland