Press Release: Mergers: Commission clears merger of Polish banking and insurance subsidiaries of Austria’s Raiffeisen and Greece’s EFG Eurobank Ergasias

The European Commission has cleared under the EU Merger Regulation the proposed merger of the respective Polish bank subsidiaries of Raiffeisen Bank International AG of Austria (RBI) and EFG Eurobank Ergasias S.A. of Greece.

The Commission's investigation has shown that the merger of Raiffeisenbank Polska S.A (RBPL) and Polbank, does not raise any competition concerns in the Polish banking and insurance markets where both are relatively small to medium players Under the proposed transaction each of RBI and EFG would as a first step exchange shares in their respective Polish subsidiaries RBPL and Polbank and then as a second step, merge Polbank into RBPL.