Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

The notified transaction consists of the acquisition of sole control within the meaning of Art.

3(1)(b) of Regulation No. 139/2004 by Santander Consumer Finance S.A over Polish

companies AIG Bank Polska S.A. and AIG Credit S.A., and thereby also indirect sole control

over a Polish company AIG Market Service Sp. z o.o.

Santander Consumer Finance S.A is a consumer finance part of the capital group ultimately

controlled by Banco Santander, S.A., which is active mainly in the retail banking, asset

management, corporate and investment banking and treasury.

AIG Bank Polska S.A. conducts business operations in the retail banking sector, providing hire

purchase loans, cash loans, credit cards, deposits, and (to a limited extent) distributes retail

insurance products in Poland on an agency basis.

The notified concentration concerns the retail banking sector and, to a limited extent, the

insurance services sector. The activities of the Santander capital group and AIG Bank Polska

S.A. overlap in the following markets in Poland: retail banking and within this consumer lending

and payment card issuing, corporate banking and within this lending for Small and Medium-

sized Enterprise customers, and finally life insurance and more specifically bancassurance.