Deutsche Bank’s acquisition of certain assets of the Dutch banking group, ABN AMRO, was approved by the European Commission (Commission) on 1 October 2008. Following a successful bid, Deutsche Bank is to acquire from ABN AMBRO the Hollandsche Bank Unie N.V., two of ABN AMRO's corporate client departments, thirteen of ABN AMRO's commercial advisory centres and ABN AMRO's Dutch factoring subsidiary, IFN. The main focus of the Commission’s investigation has been in relation to the parties' activities in the market for factoring in the Netherlands. However, it concluded that since Deutsche Bank’s market share would remain below 25% and there are also a number of other significant competitors active in the market, no serious competition concerns were likely to arise. In all other markets where the parties have overlapping activities, their combined market shares would be below 15%.