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Europe Daily Bulletin No. 8090

14 November 2001
Contents Publication in full By article 20 / 40
GENERAL NEWS / (eu) eu/competition
AKB acquisition by Banco Santander is cleared

Brussels, 13/11/2001 (Agence Europe) - On Monday, the European Commission cleared acquisition of the German group AKB Holding GmbH (AKB) by the Spanish bank Banco Santander Central Hispano. The Commission decided that the concentration would not create a dominant market position. Both groups provide banking services but AKB focuses its activity on automobile financing. The operation will only have a minor impact in the field of banking services to individuals and to companies in Germany for...

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