do-me/EUR-LEX huggingface dataset:
Prior notification of a concentration (Case COMP/M.5242 — Zurich/Caixa Sabadell/Sabadell Vida/Sabadell Generales) — Candidate case for simplified procedure Text with EEA relevance
Date: 2008-07-23
Institutions: European Commission
Subjects: bank, economic concentration, exchange of information, insurance company, life assurance, merger control

C 186/40

EN

Official Journal of the European Union

23.7.2008

Prior notification of a concentration

(Case COMP/M.5242 — Zurich/Caixa Sabadell/Sabadell Vida/Sabadell Generales)

Candidate case for simplified procedure

(Text with EEA relevance)

(2008/C 186/15)

1.
On 3 July 2008, the Commission received a notification of a proposed concentration pursuant to
Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Zurich Vida, Compañía de
Seguros y Reaseguros, SA (‘Zurich Vida’, Spain) and Zurich España, Compañía de Seguros y Reaseguros, SA
(‘Zurich Generales’, Spain) belonging to the Zurich Group (‘Zurich Group’, Switzerland) and Caixa d'Estalvis
de Sabadell (‘Caixa Sabadell’, Spain) acquire within the meaning of Article 3(1)(b) of the Council Regulation
joint control of CaixaSabadell Vida, SA de Seguros y Reaseguros (‘Sabadell Vida’, Spain) and CaixaSabadell
Compañía d'Assegurances Generals, SA (‘Sabadell Generales’, Spain), which are currently wholly-owned
subsidiaries of Caixa Sabadell, by way of purchase of shares.

2.

The business activities of the undertakings concerned are:

— for Zurich Group: insurance, re-insurance, pensions and investment products in Europe, America and

Asia,

— for Zurich Vida: Spanish subsidiary of the Zurich Group in the field of life insurance,

— for Zurich Generales: Spanish subsidiary of the Zurich Group in the field of non-life insurance,

— for Caixa Sabadell: savings bank mainly active in retail banking,

— for Sabadell Vida: life insurance and pension products,

— for Sabadell Generales: non-life insurance (home and accidents insurance).

3.
On preliminary examination, the Commission finds that the notified transaction could fall within the
scope of Regulation (EC) No 139/2004. 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.

The Commission invites interested third parties to submit their possible observations on the proposed

4.
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 ((32-2) 296 43 01 or 296 72 44) or by post, under
reference number COMP/M.5242 — Zurich/Caixa Sabadell/Sabadell Vida/Sabadell Generales,
to the
following address:

European Commission
Directorate-General for Competition
Merger Registry
J-70
B-1049 Bruxelles/Brussel

(1) OJ L 24, 29.1.2004, p. 1.
(2) OJ C 56, 5.3.2005, p. 32.