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CPC approves Investbank’s acquisition of Victoria Commercial Bank

The Commission for Protection of Competition (CPC) gave a green light to Investbank to acquire Victoria Commercial Bank. The CPC review has concluded that the deal would marginally increase Investbank’s share across different financial services and will not materially affect those markets. In March, Investbank received preliminary approval from the central bank as well. The combined entity would have BGN 2.1bn of assets.

Source: CPC; FFBH

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