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Europe Daily Bulletin No. 7631

12 January 2000
Contents Publication in full By article 24 / 56
GENERAL NEWS / (eu) eu/competition
Commission authorises BSCH to acquire two banks owned by Champalimaud group

Brussels, 11/01/2000 (Agence Europe) - The European Commission has authorised Banco de Santander Central Hispano (BSCH) to acquire two banks owned by the Portuguese group Champalimaud: Banco Totta & Açores and Credito Predial Portugues. The market share of the new venture will not exceed 11%. This operation replaces a bigger deal (in which the Spanish bank would have acquired 40% of Champalimaud, Ed.), which was authorised by the Commission last August but then fell through due to the...

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