# C_2017312EN.01000601.xml

| 20.9.2017 | EN | Official Journal of the European Union | C 312/6 |
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20.9.2017

EN

Official Journal of the European Union

C 312/6

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Prior notification of a concentration

(Case M.8585 — Axis/Novae)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 312/06)

| 1. | On 13 September 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
  This notification concerns the following undertakings:






  — | Axis Capital Holdings Limited (Bermuda) (‘Axis’), |
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1.

On 13 September 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

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This notification concerns the following undertakings:

—

Axis Capital Holdings Limited (Bermuda) (‘Axis’),

| — | Novae Group PLC (United Kingdom) (‘Novae’). |
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—

Novae Group PLC (United Kingdom) (‘Novae’).

Axis acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Novae.

The concentration is accomplished by way of purchase of shares.

| 2. | The business activities of the undertakings concerned are:
  —   for Axis: a Bermuda headquartered global (re)insurance company listed on the New York Stock Exchange providing a broad range of specialty lines insurance and treaty reinsurance,
  —   for Novae: a United Kingdom publically listed company headquartered in London and listed on the London Stock Exchange; through its syndicate at Lloyd’s (Syndicate 2007), it underwrites both insurance and reinsurance. |
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2.

The business activities of the undertakings concerned are:

—   for Axis: a Bermuda headquartered global (re)insurance company listed on the New York Stock Exchange providing a broad range of specialty lines insurance and treaty reinsurance,

for Axis

—   for Novae: a United Kingdom publically listed company headquartered in London and listed on the London Stock Exchange; through its syndicate at Lloyd’s (Syndicate 2007), it underwrites both insurance and reinsurance.

for Novae

| 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 the 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 the 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. The following reference should always be specified:
  M.8585 — Axis/Novae
  Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





  Email: |
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| COMP-MERGER-REGISTRY@ec.europa.eu |
| Fax |
| +32 22964301 |
| Postal address: |
| European Commission |
| 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. The following reference should always be specified:

M.8585 — Axis/Novae

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

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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