The Greek Competition Authority has unanimously approved a merger involving the consolidation of 'PAGKRITIA BANK SA' and 'ATTICA BANK SA', as well as the acquisition of exclusive control by 'THRIVEST HOLDING LTD' over the resulting entity. The decision was made in a meeting on August 30, 2024.

The merger affects the broader banking sector, including markets such as retail banking deposits and loans, business banking deposits and loans, payment cards, factoring, mutual funds, financial market services, and insurance mediation.

The merger does not raise concerns in horizontal or vertical markets, as none of the relevant markets meet the cumulative market share thresholds for intervention. Additionally, there are no conglomerate effects resulting from the transaction.

Based on the above, the Competition Authority approves the notified merger under the provisions of the Greek Competition Act, as it does not raise serious doubts regarding its compatibility with competition requirements in the relevant markets.