Prior notification of a concentration (Case M.8812 — Swiss Life/Crédit Agricole/CNP Assurances/Pisto) — Candidate case for simplified procedure (Text with EEA relevance. )
Date: 2018-02-22
Institutions: European Commission
Subjects: European Economic Area, banking, economic concentration, insurance, merger control, petroleum product, real property








C_2018067EN.01001701.xml










22.2.2018   


EN


Official Journal of the European Union


C 67/17





Prior notification of a concentration
(Case M.8812 — Swiss Life/Crédit Agricole/CNP Assurances/Pisto)
Candidate case for simplified procedure
(Text with EEA relevance)
(2018/C 67/17)






1.


On 14 February 2018, 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:






—


Swiss Life GIO II Lime SARL (‘Swiss Life GIO II’, Switzerland), controlled by Swiss Life Group (‘Swiss Life’, Switzerland);










—


Infra Invest France SAS (France), controlled by CNP Assurances (France);










—


Predica Prévoyance Dialogue du Crédit Agricole (France), controlled by group Crédit Agricole (‘Crédit Agricole’, France);










—


MacqPisto SAS (‘Pisto’, France), currently jointly controlled by Macquarie, Crédit Agricole and CNP Assurances.




Swiss Life acquires within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation indirect joint control of Pisto along with CNP Assurances and Crédit Agricole. The concentration is accomplished by way of purchase of shares.










2.


The business activities of the undertakings concerned are:






—


Swiss Life is active in the life insurance, risk, pensions and health insurance sector in the EEA, as well as the asset management sector;










—


CNP Assurances is active in the personal insurance sector in France, including savings, retirement and pension risk, as well as the asset management sector;










—


Crédit Agricole is active in the banking, insurance and real estate sectors;










—


Pisto finances and operates facilities for the reception, storage and transfer of petroleum products in France.














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 the Notice.










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.8812 — Swiss Life/Crédit Agricole/CNP Assurances/Pisto
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










(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.