# C_2016348EN.01002101.xml

| 23.9.2016 | EN | Official Journal of the European Union | C 348/21 |
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23.9.2016

EN

Official Journal of the European Union

C 348/21

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Prior notification of a concentration

(Case M.8197 — Cinven/Old Mutual Wealth Italy)

Candidate case for simplified procedure

(Text with EEA relevance)

(2016/C 348/13)

| 1. | On 16 September 2016, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Ergo Previdenza S.p.A (Italy), controlled by Ergo Italia S.p.A. (Italy) and ultimately by Cinven Capital Management (V) General Partner Limited, belonging to the Cinven group (‘Cinven’, UK) acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Old Mutual Wealth Italy S.p.A. (Italy), a wholly owned subsidiary of Old Mutual Wealth Holdings Limited (UK), ultimately owned by Old Mutual Group Plc (UK) by way of purchase of shares. |
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1.

On 16 September 2016, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Ergo Previdenza S.p.A (Italy), controlled by Ergo Italia S.p.A. (Italy) and ultimately by Cinven Capital Management (V) General Partner Limited, belonging to the Cinven group (‘Cinven’, UK) acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Old Mutual Wealth Italy S.p.A. (Italy), a wholly owned subsidiary of Old Mutual Wealth Holdings Limited (UK), ultimately owned by Old Mutual Group Plc (UK) by way of purchase of shares.

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






  — | Cinven is a private equity firm with investments in: business services; consumer goods and services; financial services; healthcare; industrials; and technology, media and telecommunications. It is active on the Italian life insurance market, both as a provider and a distributor, through its portfolio company Ergo Italia. |
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2.

The business activities of the undertakings concerned are:

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Cinven is a private equity firm with investments in: business services; consumer goods and services; financial services; healthcare; industrials; and technology, media and telecommunications. It is active on the Italian life insurance market, both as a provider and a distributor, through its portfolio company Ergo Italia.

| — | Old Mutual Wealth Italy is a provider of life insurance, active only on the Italian market. |
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Old Mutual Wealth Italy is a provider of life insurance, active only on the Italian market.

| 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 the 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 the 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 M.8197 — Cinven/Old Mutual Wealth Italy, 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 M.8197 — Cinven/Old Mutual Wealth Italy, 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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