European Commission and Directorate-General for Competition 26 May 2016, Commission Decision of 26/05/2016 declaring a concentration to be compatible with the common market (Case No COMP/M.7877 - WARBURG PINCUS / GENERAL ATLANTIC / UNICREDIT / SANTANDER / SAM / PIONEER) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION Brussels, 26.05.2016 C(2016) 3264 final To the notifying parties: Dear Sir/Madam, Subject:Case M.7877 - WARBURG PINCUS / GENERAL ATLANTIC / UNICREDIT / SANTANDER / SAM / PIONEER Commission decision pursuant to Article 6(1)(b) of Council Regulation No 139/2004 1 and Article 57 of the Agreement on the European Economic Area 2 (1)On 15 April 2016, the European Commission received