SIA & SSB Merger approved
The Italian Antitrust Authority has authorised the merger between SIA (Società Interbancaria per l’Automazione) and SSB (Società per i Servizi Bancari). The Authority’s preliminary investigation started on 21 February 2007. The decision will enable the two companies to formally complete the merger that will create a strong European provider of services and solutions in the credit and debit card processing sectors, payment systems and capital markets. SIA and SSB will draw up the merger contractual agreement within the end of the month and the new company will be operative at the beginning of May.