do-me/EUR-LEX huggingface dataset:
Prior notification of a concentration (Case M.10763 – NORDEA / TOPDANMARK LIV HOLDING) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 379/09
Date: 2022-10-03
Institutions: Directorate-General for Competition, European Commission
Subjects: Denmark, banking, economic concentration, financial services, holding company, life assurance, merger control, pension fund








C_2022379EN.01001501.xml










3.10.2022   


EN


Official Journal of the European Union


C 379/15






Prior notification of a concentration
(Case M.10763 – NORDEA / TOPDANMARK LIV HOLDING)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 379/09)

1.   
On 26 September 2022, 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:






—


Nordea Bank Abp (‘Nordea’, Finland),










—


Topdanmark Liv Holding A/S (‘Topdanmark Liv Holding’, Denmark), belonging to the group Topdanmark A/S (Denmark), controlled by Sampo plc (Finland).




Nordea will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Topdanmark Liv Holding.
The concentration is accomplished by way of purchase of shares.


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






—


Nordea is a Finnish bank which offers a range of financial services, including retail banking, corporate banking, investment banking, capital markets services, asset management and insurance primarily in the Nordics,










—


Topdanmark Liv Holding is the holding company of Topdanmark Livsforsikring A/S, which is active in the life insurance and pension industry in Denmark.






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.


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.10763 – NORDEA / TOPDANMARK LIV HOLDING
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.