Press Release: Mergers: Commission approves proposed acquisition of ASK by ERSTE BANK

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of joint control over the savings bank Allgemeine Sparkasse Oberösterreich Bank Aktiengesellschaft (ASK) by Erste Bank and Anteilsverwaltung Allgemeine Sparkasse (AVS), all of Austria. 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.