CELEX: 32019M9505
Language: en
Date: 2019-12-11 00:00:00
Title: Commission Decision of 11/12/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9505 - DAIMLER AG / SWISS RE LTD / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 11.12.2019
                                                                C(2019) 9164 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9505 - DAIMLER AG / SWISS RE LTD / JV
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 15 November 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which undertakings
        Daimler Insurance Services GmbH (“DIS”, Germany), a subsidiary of Daimler AG
        (“Daimler”, Germany) and Swiss Re Life Capital Ltd (“SRLC”, Switzerland), a
        subsidiary of Swiss Re Ltd (“Swiss Re”, Switzerland”), acquire within the meaning of
        Article 3(1)(b) and 3(4) of the Merger Regulation joint control of a newly created
        company constituting a joint venture (the “JV”) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are the following:
              DIS, a subsidiary of Daimler AG, is mainly active in the development of
                 automotive insurance and related digital solutions and the subsequent
                 distribution of such insurance products. Daimler AG is globally active in the
                 development, manufacturing and distribution of automotive products, mainly
                 passenger cars, trucks, vans and buses.
              SRLC is a subsidiary of Swiss Re Ltd, which is a wholesale provider of
                 reinsurance, insurance, and other insurance-based forms of risk transfer.
              The JV is intended to develop, distribute and administer insurance products
                 through the establishment and operation of new digital insurance platform(s).
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       OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).
3       Publication in the Official Journal of the European Union No C 395, 22.11.2019, p. 7.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak--- 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
   paragraphs 5(a) and 5(c) of the Commission Notice on a simplified procedure for
   treatment of certain concentrations under Council Regulation (EC) No 139/2004.4
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 and Article 57 of
   the EEA Agreement.
                                                  For the Commission
                                                  (Signed)
                                                  Cecilio MADERO VILLAREJO
                                                  Acting Director-General
4  OJ C 366, 14.12.2013, p. 5.
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