Brussels, 7 February 2025
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Argentina-based FCA Compania Financiera S.A. (“FCA FC”) by France-based Stellantis Financial Services Europe (“SFSE”) and Spain-based Banco Bilbao Vizcaya Argentaria (“BBVA”).
The transaction mainly concerns financial services in the automotive sector in Argentina.
The Commission concluded that the proposed merger would not raise competition concerns, given the limited impact on the European Economic Area. The notified transaction was examined under the simplified merger control procedure.
More information is available on the Commission’s competition website , in the public case register under case number M.11882.