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

1. This notification under Council Regulation (EC) No. 139/2004 (“EUMR”) concerns the

acquisition by funds (the “Centerbridge Funds”) managed by affiliates of Centerbridge

Partners, L.P. (hereinafter, together with such affiliates, “Centerbridge”) of sole control

of Banca FarmaFactoring S.p.A. (“BFF”) (the “Proposed Transaction”).

2. Upon completion of the Proposed Transaction Centerbridge Funds will have sole control

– under the meaning of Article 3(1)(b) EUMR – of BFF.

3. Centerbridge is an investment management firm with offices in New York and London.

The firm focuses on private equity and distressed investments. The firm is dedicated to

partnering with world-class management teams across targeted industries to help

companies achieve their operating and financial objectives.

4. BFF is a banking group based in Italy, operating in the factoring sector in three European

countries (Italy, Portugal, and Spain) and in the retail banking sector in Italy, where it

offers to customers a n online savings account product.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.