| Decision 732/2021 | |
|---|---|
| File (PDF) | Decision 732/2021 |
| Date of Publication of Decision | April 1st, 2021 |
| Issue Number of Government Bulletin |
Publication pending
|
| Relevant Market | The proposed concentration primarily concerns the wider markets for: a) life insurance, b) non-life insurance and reinsurance services and c) the sub-markets for risk insurance, of transported goods, of fire and nature elements and other property damage and, in geographic terms, extends over the entire Greek territory. |
| Subject of the Decision | Merger |
| Legal Framework | Phase Ι (Article 8 par. 3 L. 3959/2011) |
| Operative part of the Decision | Clearance |
| Company(ies) concerned |
Generali Group / Generali SpA Axa Insurance S.A |
| Summary of Decision | The competent Chamber of the Hellenic Competition Commission approved, pursuant to article 8 par.3 of Greek Law 3959/2011, the transaction notified on 29.11.2021 consisting in the acquisition of sole control, within the meaning of article 5 par. 2(b) of L. 3959/2011, by “Assicurazioni Generali - Societa per Azioni” over “Axa Insurance S.A”, considering that the above concentration does not raise any serious doubts as to its compatibility with the competition rules in the relevant markets concerned. |
| Judicial Means | Final. No appeal. |
| Decisions by the Court of Appeal of Athens (Administrative Division) | - |
