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Valentina R., lawyer
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.
Danske Bank A/S intends to acquire Sampo Bank plc (ìSampoî), a wholly owned subsidiary of Sampo plc, through an acquisition of all of the shares in Sampo.
The business activities of the undertakings concerned are:
-• Danske Bank is the parent of a financial group, which offers a wide range of financial services, including insurance, mortgage finance, asset management, brokerage, real estate and leasing services within its home market in Denmark.
-• Danske Bank is the largest bank in Denmark and a leading bank in the Scandinavian financial markets.
-• Sampo Bank is one of the major banks in Finland and operates mainly in Finland and through subsidiaries in all Baltic countries.
There are only minor overlaps between the Partiesí activities and the concentration will not significantly impede competition on any relevant market.