# C_2008152EN.01002701.xml

| 18.6.2008 | EN | Official Journal of the European Union | C 152/27 |
| --- | --- | --- | --- |

18.6.2008

EN

Official Journal of the European Union

C 152/27

---

Prior notification of a concentration

(Case COMP/M.5010 — Berkshire Hathaway/Munich Re/GAUM)

(Text with EEA relevance)

(2008/C 152/07)

| 1. | On 9 June 2008, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Northern States Agency, Inc. (‘Northern States’, USA) controlled by Berkshire Hathaway Inc. (‘Berkshire Hathaway’, USA) and the undertaking Münchener Rückversicherungs-Gesellschaft AG (‘Munich Re’, Germany) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Global Aerospace Underwriting Managers Limited (‘GAUM’, United Kingdom) by way of purchase of shares. |
| --- | --- |

1.

On 9 June 2008, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Northern States Agency, Inc. (‘Northern States’, USA) controlled by Berkshire Hathaway Inc. (‘Berkshire Hathaway’, USA) and the undertaking Münchener Rückversicherungs-Gesellschaft AG (‘Munich Re’, Germany) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Global Aerospace Underwriting Managers Limited (‘GAUM’, United Kingdom) by way of purchase of shares.

1

| 2. | The business activities of the undertakings concerned are:






  — | for the undertaking Berkshire Hathaway: holding company owning subsidiaries engaged mainly in property and casualty insurance business conducted on both a direct and reinsurance basis, |
| --- | --- | --- |

2.

The business activities of the undertakings concerned are:

—

for the undertaking Berkshire Hathaway: holding company owning subsidiaries engaged mainly in property and casualty insurance business conducted on both a direct and reinsurance basis,

| — | for the undertaking Munich Re: professional reinsurer and holding company for companies active in supply of reinsurance and direct insurance services and in asset management, |
| --- | --- |

—

for the undertaking Munich Re: professional reinsurer and holding company for companies active in supply of reinsurance and direct insurance services and in asset management,

| — | for the undertaking GAUM: transaction, as agent, of aerospace insurance and the provision of management services to aerospace insurance operations. |
| --- | --- |

—

for the undertaking GAUM: transaction, as agent, of aerospace insurance and the provision of management services to aerospace insurance operations.

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. However, the final decision on this point is reserved. |
| --- | --- |

3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. However, the final decision on this point is reserved.

| 4. | The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
  Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax ((32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.5010 — Berkshire Hathaway/Munich Re/GAUM, to the following address:





  European Commission |
| --- | --- |
| Directorate-General for Competition |
| Merger Registry |
| J-70 |
| B-1049 Bruxelles/Brussel |

4.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax ((32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.5010 — Berkshire Hathaway/Munich Re/GAUM, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

J-70

B-1049 Bruxelles/Brussel

---

(1)  OJ L 24, 29.1.2004, p. 1.

1

---