Brussels, 28/05/2010 (Agence Europe) - On Friday 28 May, the European Commission authorised the proposed acquisition of the savings bank Allgemeine Sparkasse Oberösterreich Bank Arktiengesellschaft (ASK - Upper Austria) by Erste Bank (Austria), having reached the conclusion that the operation would not significantly impede effective competition in the European Economic Area (EEA).
The transaction for takeover of ASK, which has activities in retail banking and corporate banking for SMEs, is...