# C_2022044EN.01002601.xml

| 28.1.2022 | EN | Official Journal of the European Union | C 44/26 |
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28.1.2022

EN

Official Journal of the European Union

C 44/26

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Prior notification of a concentration

(Case M.10301 – CVC / ETHNIKI)

(Text with EEA relevance)

(2022/C 44/11)

1.

This notification concerns the following undertakings:

| — | CVC Capital Partners SICAV FIS S.A. (‘CVC’, Luxemburg) |
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CVC Capital Partners SICAV FIS S.A. (‘CVC’, Luxemburg)

| — | The Ethniki Hellenic General Insurance Company S.A. (‘Ethniki’, Greece) |
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The Ethniki Hellenic General Insurance Company S.A. (‘Ethniki’, Greece)

CVC acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Ethniki.

The concentration is accomplished by way of purchase of shares.

2.

| — | CVC, its subsidiaries and affiliated companies are privately owned entities whose activities include providing investment advice to and/or managing investments on behalf of certain investment funds and platforms. One of CVC’s portfolio companies is the Hellenic Healthcare Group (‘HHG’), which operates six private hospitals in Greece. |
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CVC, its subsidiaries and affiliated companies are privately owned entities whose activities include providing investment advice to and/or managing investments on behalf of certain investment funds and platforms. One of CVC’s portfolio companies is the Hellenic Healthcare Group (‘HHG’), which operates six private hospitals in Greece.

| — | Ethniki is a composite insurer predominantly focused on Greece, with limited activities in Cyprus and Romania. Its activities include a range of life and non-life insurance products, insurance distribution and, to a de minimis extent, reinsurance. The Target is currently owned by the National Bank of Greece and is being sold pursuant to the NBG’s restructuring plan entered into with the Commission. |
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Ethniki is a composite insurer predominantly focused on Greece, with limited activities in Cyprus and Romania. Its activities include a range of life and non-life insurance products, insurance distribution and, to a de minimis extent, reinsurance. The Target is currently owned by the National Bank of Greece and is being sold pursuant to the NBG’s restructuring plan entered into with the Commission.

3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.

4.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.10301 – CVC / ETHNIKI

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

| European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

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

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