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Europe Daily Bulletin No. 7729

17 June 2000
Contents Publication in full By article 27 / 46
GENERAL NEWS / (eu) eu/competition
Commission authorises acquisition of CCF by HSBC in the banking and insurance sector

Brussels, 31/05/2000 (Agence Europe) - The European Commission has authorised the British holding HSBC Holdings plc, specialised in financial and insurance services, to acquire, after a public offering in April, the Crédit Commercial de France (CCF). The Commission notes that there is no overlap in the insurance sector. As far as financial services are concerned, the combined market shares never exceed 10%. From now on, this operation is not likely to entail the creation of a dominant...

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