In a statement, it said: "The parties' activities do not overlap and the Commission therefore concluded that the proposed transaction would raise no competition concern."
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The two banks said in a joint statement: "Anglo Christian louboutin shoes Irish Bank Christian louboutin shoes and Ulster Bank are committed to Arnotts.
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"They will not be involved in the management of the company but are taking the necessary steps to ensure that the company will be run by experienced professionals."
