# C_2012196EN.01001901.xml

| 4.7.2012 | EN | Official Journal of the European Union | C 196/19 |
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Prior notification of a concentration

(Case COMP/M.6649 — Allianz/Insurance Portfolio and Brokerage Services of Gan Eurocourtage)

(Text with EEA relevance)

2012/C 196/12

| 1. | On 25 June 2012, 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 Allianz IARD SA (‘A.I.’ France), a member of the Allianz Group (‘Allianz’, Germany) acquire(s) within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of a self-standing non-life insurance portfolio comprised of insurance contracts and their related brokerage businesses, assets and liabilities, in France (‘the Target’, France) hitherto belonging to Gan Eurocourtage SA (‘GEC’, France) by way of purchase of shares. |
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| 2. | The business activities of the undertakings concerned are:
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AI: a subsidiary of Allianz, active in France, providing various kinds of non-life and life insurance asset management and banking operations services, —
Allianz: broadly active in the insurance, banking and asset management sectors in more than 70 countries around the world, with the largest of its operations being in Europe, —
the Target: a self-standing insurance portfolio of GEC relating to non-life insurance products provided to individuals, professionals and businesses, as well as the related brokerage businesses and management activities of GEC, together with the related non-portfolio items, assets and liabilities, —
GEC: active in the market for the provision of non-life insurance products to individuals and businesses, transport insurance and group insurance products. | — | AI: a subsidiary of Allianz, active in France, providing various kinds of non-life and life insurance asset management and banking operations services, | — | Allianz: broadly active in the insurance, banking and asset management sectors in more than 70 countries around the world, with the largest of its operations being in Europe, | — | the Target: a self-standing insurance portfolio of GEC relating to non-life insurance products provided to individuals, professionals and businesses, as well as the related brokerage businesses and management activities of GEC, together with the related non-portfolio items, assets and liabilities, | — | GEC: active in the market for the provision of non-life insurance products to individuals and businesses, transport insurance and group insurance products. |
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| — | AI: a subsidiary of Allianz, active in France, providing various kinds of non-life and life insurance asset management and banking operations services, | | | | | | | | |
| — | Allianz: broadly active in the insurance, banking and asset management sectors in more than 70 countries around the world, with the largest of its operations being in Europe, | | | | | | | | |
| — | the Target: a self-standing insurance portfolio of GEC relating to non-life insurance products provided to individuals, professionals and businesses, as well as the related brokerage businesses and management activities of GEC, together with the related non-portfolio items, assets and liabilities, | | | | | | | | |
| — | GEC: active in the market for the provision of non-life insurance products to individuals and businesses, transport insurance and group insurance products. | | | | | | | | |

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope the EC Merger Regulation. However, the final decision on this point is reserved. |
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| 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 22964301), by e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number COMP/M.6649 — Allianz/Insurance Portfolio and Brokerage Services of Gan Eurocourtage, to the following address:
European Commission Directorate-General for Competition Merger Registry J-70 1049 Bruxelles/Brussel BELGIQUE/BELGIË | European Commission | Directorate-General for Competition | Merger Registry | J-70 | 1049 Bruxelles/Brussel | BELGIQUE/BELGIË |
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| European Commission | | | | | | | |
| Directorate-General for Competition | | | | | | | |
| Merger Registry | | | | | | | |
| J-70 | | | | | | | |
| 1049 Bruxelles/Brussel | | | | | | | |
| BELGIQUE/BELGIË | | | | | | | |

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( 1 )  OJ L 24, 29.1.2004, p. 1 (the ‘EC Merger Regulation’).

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