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Europe Daily Bulletin No. 9797

5 December 2008
Contents Publication in full By article 19 / 35
GENERAL NEWS / (eu) eu/competition
Acquisition of Fortis (Belgium and Luxembourg) approved, subject to conditions

Brussels, 04/12/2008 (Agence Europe) - On Wednesday 3 December, the European Commission cleared the acquisition of the Belgian and Luxembourg subsidiaries of Fortis Holding by French bank BNP Paribas. Clearance is subject to the full divestment of a BNP Belgian subsidiary which operates in the credit card market. The Commission's investigation found that the merger, as initially planned, would have sharply reduced the choice of credit cards available to consumers in Belgium and Luxembourg....

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