CELEX: 32017M8621
Language: en
Date: 2017-11-08 00:00:00
Title: Commission Decision of 08/11/2017 declaring a concentration to be compatible with the common market (Case No COMP/M.8621 - APOLLO MANAGEMENT / AEGON IRELAND) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels,8.11.2017
                                                                C(2017) 7535 final
                                                                        PUBLIC VERSION
                                                                To the notifying party:
Subject:        Case M.8621 - APOLLO MANAGEMENT / AEGON IRELAND
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 13 October 2017, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Athene Holding
        Ltd. ("Athene Holding", US), belonging to the group Apollo Management L.P. ("Apollo",
        US) acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the
        whole of Aegon Ireland plc ("Aegon Ireland", Ireland).3
2.      The business activities of the undertakings concerned are:
        −     for Apollo: private investments; investment funds managed by affiliates of Apollo
              invest in companies and debt issued by companies involved in various business
              throughout the world.
        −     for Aegon Ireland: insurance products and servies. Aegon Ireland has two lines of life
              insurance products and currently conducts business in the United Kingdom and
              Germany. Aegon Ireland has a German branch, which distributes its life insurance
              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) of
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 356, 21.10.2017, p. 23.
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---    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)
                                                   Johannes LAITENBERGER
                                                   Director-General
4  OJ C 366, 14.12.2013, p. 5.
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