Greece Competition Commission approves Crediabank and Evropi Holdings merger

The Greek Competition Commission has unanimously approved the merger between Crediabank and Evropi Holdings. The transaction involves the absorption of Evropi Holdings by Crediabank.

The merger affects the insurance services and insurance brokerage markets. While horizontal overlaps were identified in insurance brokerage, and vertical links exist through the provision of services via Crediabank’s branch network, the Commission determined the deal would not significantly alter competitive conditions. This decision was based on the limited market shares of the participating companies and the presence of significant competitors in these sectors.