CELEX: 32020M9737
Language: en
Date: 2020-04-08 00:00:00
Title: Commission Decision of 08/04/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9737 - AGEAS PORTUGAL / JMRS / SPSI) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 08.04.2020
                                                                C(2020) 2273 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9737 – AGEAS PORTUGAL / JMRS / SPSI
                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 16 March 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Ageas Portugal Holding, SGPS, S.A. (“Ageas Portugal”, Portugal),
        controlled by Ageas SA/NV (“Ageas Group”, Belgium) and José de Mello
        Residências e Serviços, SGPS, S.A. (“JMRS”, Portugal), owned by José de Mello
        Capital S.A. (“JM Capital”, Portugal), acquire within the meaning of Article 3(1)(b)
        and 3(4) of the Merger Regulation joint control over the whole of the undertaking
        Sociedade Portuguesa de Serviços e Apoio e Assistência a Idosos, S.A (“SPSI”,
        Portugal) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for Ageas Portugal: insurance company active in Portugal, owned by Ageas
              Group, which provides life and non-life insurance services to personal, business
              and institutional customers, active in several EU countries and in Asia,.
             for JMRS: development of residential solutions and orthopedic, geriatric and
              neurological rehabilitation programs and provision of personalized home care
              services provided by the hospitals, part of the JM Group which provides private
              healthcare services, road infrastructures and chemical industry, active in Spain
              and the United States
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 94, 23.03.2020, p. 2.
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---        for SPSI: operation of two residential care homes for the elderly as well as real
        estate activity in the Metropolitan Area of Lisbon.
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 139/2004.4
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)
                                                    Olivier GUERSENT
                                                    Director-General
4  OJ C 366, 14.12.2013, p. 5.
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