Prior notification of a concentration (Case M.11096 – MAPFRE / VAS / JV) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 245/08
Date: 2023-07-12
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, insurance, maintenance, merger control, vehicle parts








C_2023245EN.01000801.xml










12.7.2023   


EN


Official Journal of the European Union


C 245/8






Prior notification of a concentration
(Case M.11096 – MAPFRE / VAS / JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 245/08)

1.   
On 4 July 2023, 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:






—


Vittoria Assicurazioni S.p.A. (‘VAS’, Italy), controlled by Yafa S.p.A. (Italy),










—


MAPFRE Asistencia, Compañia Internacional de Seguros y Reaseguros S.A. (‘MAPFRE’, Spain), controlled by Fundación MAPFRE (Spain),










—


A newly created company (‘NewCo’, Italy).




VAS and MAPFRE will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of NewCo.
The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.


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






—


VAS is an Italian company active in the direct and indirect provision of insurance, being engaged in the provision of insurance products pertaining to all regulatory risk classes provided by Italian law, as well as ancillary services,










—


MAPFRE is a Spanish company active in the insurance and reinsurance sector in 44 countries worldwide and is ultimately controlled by Fundación MAPFRE, which carries out non-profit activities of general interest in specialized areas, such as culture, health promotion, prevention, road safety, insurance, and social protection,










—


NewCo is a greenfield joint venture set up for the purposes of offering assistance services in Italy in the areas of car glass repair, and certain services for pets. In the future, NewCo may also offer assistance services in the home and health areas.






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.11096 – MAPFRE / VAS / JV
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
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.