CELEX: 32014M7298
Language: en
Date: 2014-07-30 00:00:00
Title: Commission Decision of 30/07/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7298 - UNIQA INSURANCE GROUP / UNIQA LIFE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 30.7.2014
                                        C(2014) 5570 final

                                        |To the notifying party:                                            |                                                                   |

Dear Madam(s) and/or Sir(s),

Subject:    Case M.7298 - UNIQA INSURANCE GROUP / UNIQA LIFE
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 1.07.2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of  the  Merger  Regulation  by
    which the undertaking UNIQA Previdenza S.p.A. ("UNIQA Previdenza", IT) controlled by UNIQA Insurance Group AG ("UNIQA", AT)  acquires  within
    the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of  the  undertaking  UNIQA  Life  S.p.A.  ("UNIQA  LIFE",  IT),
    currently jointly controlled by UNIQA Previdenza and Veneto Banca Holding S.C.p.A., by means of  amendment  of  the  rules  relating  to  the
    governance of UNIQA LIFE[2].

 2. The business activities of the undertakings concerned are:

    - for UNIQA:       life, non-life and re-insurance services and products

    - for UNIQA LIFE : life insurance services and products.

 3. After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger
    Regulation and of paragraph 5(c) and 5(d) of the Commission Notice on a simplified procedure for treatment of  certain  concentrations  under
    Council Regulation (EC) No 139/2004[3].

 4. For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and
    to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article  6(1)(b)  of
    the Merger Regulation.

                                        For the Commission

                                        signed
                                        Alexander ITALIANER
                                        Director General
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[1]   OJ L 24, 29.1.2004, p. 1 ("the Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the  European  Union
      ("TFEU") has introduced certain changes, such as the replacement of "Community" by "Union" and "common market" by  "internal  market".  The
      terminology of the TFEU will be used throughout this decision.
[2]   Publication in the Official Journal of the European Union No C 217,10.07.2014, p. 36.
[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE