CELEX: 32013M7045
Language: en
Date: 2013-12-04 00:00:00
Title: Commission Decision of 04/12/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.7045 - AP / PASTOR VIDA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 04/12/2013
                                        C(2013) 8902 final

|To the notifying party:                                            |                                                                   |
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Dear Madam(s) and/or Sir(s),

Subject:    Case No COMP/M.7045 - AP/ PASTOR VIDA
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 7 November 2013, the European Commission received a notification of a proposed concentration pursuant to Article 4 of  Council  Regulation
    (EC) No 139/2004 by which the undertakings Allianz SE ("Allianz", Germany) and Banco Popular Español, S.A. ("BPE", Spain) acquire within  the
    meaning of Article 3(1)(b) of the Merger Regulation joint control of parts of Pastor Vida,  S.A.  de  Seguros  y  Reaseguros  ("the  Acquired
    Business", Spain) via Allianz Popular, S.L (Spain) by way of purchase of assets.

 2. The business activities of the undertakings concerned are:

      -     for Allianz: insurance and asset management worldwide;

      -     for BPE: banking, insurance and asset management, mainly in Spain and Portugal, but also in the United States;

      -     for the Acquired Business: life risk, and pension funds activities in Spain.

 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 the Commission Notice on a simplified procedure for treatment of  certain  concentrations  under  Council
    Regulation (EC) No 139/2004[2].

 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]   OJ C 56, 5.3.2005, p. 32.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE