Citadele and GE Money plan merger

  • 2013-08-07
  • From wire report
RIGA - Latvia’s Competition Council has received the merger report for Citadele Bank, Citadele Asset Management, Citadele atklatais pensiju fonds and GE Money Bank, GE Money Asset Management and GE Money atklatais pensiju fonds, reports Competition Council will now have one month to either permit or prohibit the merger, or impose any additional restrictions on the merger deal. Should further analysis be necessary, the Competition Council will have four months to formulate its opinion.Merger deals require the Competition Council’s permission if the total ...
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