Veneto Banca Albania to Intesa Sanpaolo (2017-2018)
Status: Completed (2018).
Summary
After Italy's restructuring of Veneto Banca in 2017, Intesa Sanpaolo bought its Albanian unit. The Competition Authority cleared it on 14 Sep 2017. The Bank of Albania Supervisory Council gave preliminary approval for absorbing Veneto Banca on 6 Sep 2018, and approval for the acquisition of 100 percent on 1 Nov 2018 (search summaries of BoA decisions). Intesa Sanpaolo Albania is the successor. This is a standard European restructuring, and no criticism of the approval was found.
Key facts
- Competition Authority clearance: 14 Sep 2017 (search summary).
- BoA Supervisory Council: preliminary approval 6 Sep 2018; acquisition approval 1 Nov 2018 (BoA press releases, search summaries).
The record
Four lists kept apart on purpose: what is established, what is only alleged, what is still open, and what those concerned said.
What is proven (1)
Established by documents or official records, as stated in the research. A recorded charge or indictment proves only that the accusation was made.
- The sale completed in 2018 with BoA approval (BoA release).
What is alleged (0)
Accusations, not findings. Those accused are presumed innocent.
Nothing recorded in this list.
Open questions (1)
- Whether the Veneto deal included any other Albanian bank ownership change.
Responses (0)
Responses of the people and organisations concerned, as recorded.
Nothing recorded in this list.
Timeline
Full timeline →Government
Supervisory Council gives preliminary approval for Intesa Sanpaolo to absorb Veneto Banca Albania
BoA decision. Acquisition approved 1 Nov 2018.
Sources for this record
Every source the research cites for this record, grouped by its source label. 3 sources.
Source label: Officially reportedOfficially reported · 3 sources
- Publisher
- Bank of Albania
- Date
- 2018
- Publisher
- SeeNews
- Date
- 2018
- Publisher
- Bank of Albania
- Date
- 6 Sep 2018