The Commission for the Protection of Competition (CPC) has approved the concentration between enterprises, which will be carried out through the acquisition by " Bulgarian-American Credit Bank" AD (BACB) of direct sole control over "Tokuda Bank" Inc.
The decision of the CPC was made after the announcement of BAKB's intention to acquire 99.94% of the capital of "Tokuda Bank" Inc.
The deal first became clear on April 16. The transaction was then subject to the receipt of all necessary regulatory approvals and authorizations from the competent authorities, one of which is the authorization from the CPC.