On March 6, 2024, the Board of Directors of the Competition Authority, using the powers conferred on it by paragraph d) of paragraph 1 of article 19 of the Statutes, approved by Decree-Law No. 125 /2014, of 18 August, decides to adopt a decision not to oppose the concentration operation, in accordance with paragraph b) of paragraph 1 of article 50 of the Competition Law, as it is not susceptible to create significant obstacles to effective competition in the national market or a substantial part of it.

AdC Approves Abanca / EuroBic Merger

The Portuguese Competition Authority (AdC) has approved the merger between Abanca and EuroBic, citing that the transaction does not raise significant competition issues in the national market. The decision was made in accordance with the Competition Law, as the merger was deemed not to create substantial obstacles to effective competition. This non-opposition decision allows the merger to proceed without facing regulatory challenges from the AdC. The merger between Abanca and EuroBic is expected to impact the banking sector in Portugal, potentially leading to changes in market dynamics and competition levels among financial institutions operating in the country.

The AdC issued a non-opposition decision to the merger 9/2024 - Abanca / EuroBic.
The AdC issued a non-opposition decision to the merger 9/2024 - Abanca / EuroBic.

AdC Approves Abanca / EuroBic Merger

The Portuguese Competition Authority (AdC) has issued a non-opposition decision to the merger between Abanca and EuroBic, stating that it does not pose significant competition concerns in the national market.