Press Release: Mergers: Commission clears acquisition of certain assets of UK financial firm Egg by Barclays Bank

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of certain credit card assets and liabilities previously under the sole control of Egg and, ultimately, Citigroup, by Barclays Bank. 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.