CELEX: 32022M10491
Language: en
Date: 2022-01-21 00:00:00
Title: Commission Decision of 21/01/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10491 - ALLIANZ / INTELSAT) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 21.1.2022
                                                                 C(2022) 452 final
                                                                                 PUBLIC VERSION
                                                                 Allianz SE
                                                                 Koeniginstrasse 28
                                                                 80802 Munich
                                                                 Germany
Subject:        Case M.10491 – ALLIANZ / INTELSAT
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 21 December 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 and following a referral pursuant to Article 4(5) of
        the Merger Regulation by which Allianz SE (“Allianz”, Germany) intends to acquire,
        within the meaning of Article 3(1)(b) of the Merger Regulation, sole control of the
        whole of Intelsat Holdings S.A. (“Intelsat”, United States of America). The
        concentration is accomplished by way of purchase of shares. 3
2.      The business activities of the undertakings concerned are:
              for Allianz: Allianz is the ultimate parent of the Allianz group, a global
                 financial services company active predominantly in relation to life and non-life
                 insurance and asset management,
              for Intelsat: operation of satellite networks, ground networks and connectivity
                 infrastructure and provision of diversified communications services to
                 customers such as telecommunications operators, media companies, and
                 internet service providers. Intelsat uses its satellites as relay stations in space
                 for the transmission of voice, video, and data communications.
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 8, 7.1.2022, 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--- 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(b) 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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