19/04/2005 (Agence Europe) -,The European Commission has granted clearance to the acquisition of sole control of Investkredit Bank AG (Investkredit) of Austria by Österreichische Volksbanken-Aktiengesellschaft (ÖVAG), also of Austria. The operation will see 45.5% of Investkredit being sold off for EUR 755 million. The operation was examined under the simplified merger review procedure.