# C_2015162EN.01001701.xml

| 19.5.2015 | EN | Official Journal of the European Union | C 162/17 |
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19.5.2015

EN

Official Journal of the European Union

C 162/17

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Prior notification of a concentration

(Case M.7562 — Canada Life Group/LGII)

Candidate case for simplified procedure

(Text with EEA relevance)

(2015/C 162/12)

| 1. | On 11 May 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Canada Life Group (UK) Limited (‘Canada Life’, UK), an indirect subsidiary of Great-West Lifeco Inc., ultimately controlled by Power Corporation of Canada, acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Legal & General International (Ireland) Limited (‘LGII’, Ireland) by way of purchase of shares, as well as control of the current book of life insurance policies of Legal & General Deutschland (‘LG Deutschland life business’, Germany) by way of purchase of assets. |
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1.

On 11 May 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Canada Life Group (UK) Limited (‘Canada Life’, UK), an indirect subsidiary of Great-West Lifeco Inc., ultimately controlled by Power Corporation of Canada, acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Legal & General International (Ireland) Limited (‘LGII’, Ireland) by way of purchase of shares, as well as control of the current book of life insurance policies of Legal & General Deutschland (‘LG Deutschland life business’, Germany) by way of purchase of assets.

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| 2. | The business activities of the undertakings concerned are:
  —   for Canada Life: provision of life insurance, retirement savings and asset management in particular in the UK, Ireland, Isle of Man and Germany,
  —   for LGII: provision of life insurance mainly in the UK and, on a smaller scale, in the Channel Islands, the Isle of Man and Italy,
  —   LG Deutschland life business: life insurance in Germany. |
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2.

The business activities of the undertakings concerned are:

—   for Canada Life: provision of life insurance, retirement savings and asset management in particular in the UK, Ireland, Isle of Man and Germany,

for Canada Life

—   for LGII: provision of life insurance mainly in the UK and, on a smaller scale, in the Channel Islands, the Isle of Man and Italy,

for LGII

—   LG Deutschland life business: life insurance in Germany.

LG Deutschland life business

| 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. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in this Notice. |
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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. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in this Notice.

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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 email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7562 — Canada Life Group/LGII, to the following address:





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

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 email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7562 — Canada Life Group/LGII, to the following address:

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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(2)  OJ C 366, 14.12.2013, p. 5.

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