# C_2015376EN.01002301.xml

| 13.11.2015 | EN | Official Journal of the European Union | C 376/23 |
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13.11.2015

EN

Official Journal of the European Union

C 376/23

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Prior notification of a concentration

(Case M.7812 — Swiss Re Life Capital/Guardian Holdings Europe)

Candidate case for simplified procedure

(Text with EEA relevance)

(2015/C 376/10)

| 1. | On 6 November 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Swiss Re Life Capital Ltd (‘SRLC’, Switzerland), part of the Swiss Re Group (‘Swiss Re’, Switzerland), acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of Guardian Holdings Europe Limited (‘GHEL’, Jersey), holding company for operations trading under the name Guardian Financial Services (‘Guardian’, the UK). |
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1.

On 6 November 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Swiss Re Life Capital Ltd (‘SRLC’, Switzerland), part of the Swiss Re Group (‘Swiss Re’, Switzerland), acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of Guardian Holdings Europe Limited (‘GHEL’, Jersey), holding company for operations trading under the name Guardian Financial Services (‘Guardian’, the UK).

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| 2. | The business activities of the undertakings concerned are:
  —   for Swiss Re: global wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer for both life and non-life products,
  —   for SRLC: holding company,
  —   for GHEL: holding company,
  —   for Guardian: owner and manager of life assurance businesses in the UK and Ireland. |
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2.

The business activities of the undertakings concerned are:

—   for Swiss Re: global wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer for both life and non-life products,

for Swiss Re

—   for SRLC: holding company,

for SRLC

—   for GHEL: holding company,

for GHEL

—   for Guardian: owner and manager of life assurance businesses in the UK and Ireland.

for Guardian

| 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.7812 — Swiss Re Life Capital/Guardian Holdings Europe, 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.7812 — Swiss Re Life Capital/Guardian Holdings Europe, 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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