CELEX: 32018M9193
Language: en
Date: 2018-12-06 00:00:00
Title: Commission Decision of 06/12/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.9193 - Fairfax Financial Holdings Limited / Eurolife Erb Insurance Group Holdings S.A.) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 06.12.2018
                                                                C(2018) 8600 final
                                                                        PUBLIC VERSION
                                                                To the notifying party:
Subject:        Case M.9193 – FAIRFAX FINANCIAL HOLDINGS / EUROLIFE ERB
                INSURANCE GROUP
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
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                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 13/11/2018, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Fairfax Financial
        Holdings Limited (‘Fairfax’, Canada) acquires, within the meaning of Article 3(1)(b) of the
        Merger Regulation, sole control of the whole of Eurolife Erb Insurance Group Holdings
        S.A. (‘Eurolife’, Greece) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for Fairfax: a holding company active in property and casualty insurance and
              reinsurance and investment management.
             for Eurolife: a holding company active in life and non-life insurance and reinsurance
              and insurance distribution in Greece and Romania.
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 (d) 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
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 421, 21.11.2018, p. 16.
4       OJ C 366, 14.12.2013, p. 5.
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--- 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
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