# IMMC.MTF_2018_8908_FIN.ENG.xhtml.m8908.docx

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EUROPEAN COMMISSION

EUROPEAN COMMISSION

Brussels, 09.08.2018

Brussels, 09.08.2018

C(2018) 5530 final

C(2018) 5530 final

To the notifying party

To the notifying party

Subject:Case M. 8908 - AXA / XL GROUP 

  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
  1
  and Article 57 of the Agreement on the European Economic Area
  2

Subject:

Case M. 8908 - AXA / XL GROUP

Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004

1

and Article 57 of the Agreement on the European Economic Area

2

Dear Sir or Madam,

Dear Sir or Madam,

1.On 12 July 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which AXA S.A. ("AXA", France) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of XL Group Ltd. ("XL Group", Bermuda). The concentration is accomplished by way of purchase of shares.
  3

1.

On 12 July 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which AXA S.A. ("AXA", France) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of XL Group Ltd. ("XL Group", Bermuda). The concentration is accomplished by way of purchase of shares.

3

2.The business activities of the undertakings concerned are:

2.

The business activities of the undertakings concerned are:

-AXA is the holding company of the AXA Group, a worldwide player in insurance and asset management,

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AXA is the holding company of the AXA Group, a worldwide player in insurance and asset management,

-XL Group is a global insurance and reinsurance company providing property, casualty and specialty products.

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XL Group is a global insurance and reinsurance company providing property, casualty and specialty products.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 6 of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
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3.

After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 6 of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
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4.For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

4.

For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

For the Commission

For the Commission

(Signed)

(Signed)

Johannes LAITENBERGER
  Director-General

Johannes LAITENBERGER
  Director

-General

(1)


     OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of 'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used throughout this decision.

OJ C 366, 14.12.2013, p. 5.