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Europe Daily Bulletin No. 10446

7 September 2011
Contents Publication in full By article 11 / 22
GENERAL NEWS / (ae) eu/competition
Clearance for takeover of FCF by BNP Paribas

Brussels, 06/09/2011 (Agence Europe) - On 6 September, the European Commission authorised the proposed acquisition by the French banking group, BNP Paribas, of Fortis Commercial Finance Holding (FCF), a company specialised in factoring services in several member states and especially in Belgium.

The proposed transaction, notified to the Commission on 4 August, brings about the repatriation of the Belgian assets of the Fortis factoring business, which came under the control of the Dutch...