Press Release: Mergers: Commission approves joint acquisition of USP Group by Barclays and Royal Bank of Scotland

The European Commission cleared under the EU Merger Regulation the proposed acquisition of joint control over the USP Group, a private network of medical assistance services mostly active in Spain, by Barclays and Royal Bank of Scotland (RBS), both retail and investment banks. After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.