Brussels, 19/10/2005 (Agence Europe) - On 18 October, the European Commission authorised plans of Italian bank UniCredito Italiano S.p.A. ("UniCredito") to buy the German bank Bayerische Hypo- und Vereinsbank AG ("HVB". After an in-depth-investigation of the consequences of such an operation in the Member States where the parties have major activities, it concluded that this takeover would not hinder competition in the European Economic Area (EEA).
"We have examined this merger operation...