CELEX: 32006M4159
Language: en
Date: 2006-04-21 00:00:00
Title: Commission Decision of 21/04/2006 declaring a concentration to be compatible with the common market (Case No COMP/M.4159 - AEGON / CAJA NAVARRA / SEGUROS NAVARRA JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

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32006M4159

Commission Decision of 21/04/2006 declaring a concentration to be compatible with the common market (Case No IV/M.4159 - AEGON / CAJA NAVARRA / SEGUROS NAVARRA JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

| | Brussels, 21/04/2006SG-Greffe(2006) D/202119-202120To the notifying partiesDear Madam(s) and/or Sir(s),Subject : Case No. COMP/M.4159 - Aegon/Caja Navarra/Seguros Navarra JV Notification of 14/03/2006 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C 67, 18/03/2006, page 301. On 14/03/2006, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No. 139/2004 by which the undertakings Aegon Spanje Holding, BV (Aegon, The Netherlands) belonging to the group Aegon and Caja de Ahorros y del Monte de Piedad de Navarra (CAN, Spain) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Seguros Navarra, S.A. (Seguros Navarra, Spain) by way of purchase of shares. Seguros Navarra is currently under the sole control of CAN.2. The business activities of the undertakings concerned are:- Aegon: life insurance and pensions, savings and investment products.- CAN: private entity active in credit, deposit transactions, general financing and insurance distribution in Spain.- Seguros Navarra: life insurance and pension plans in Spain.1.  After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5 subparagraph (c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004[2].2.  For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EC) No. 139/2004.For the CommissionSigned Neelie KROES Member of the Commission[1] OJ L 24, 29.1.2004 p. 1[2] OJ C 56, 05.3.2005 p.32MERGER PROCEDUREARTICLE 6(1)(b) DECISIONSIMPLIFIED PROCEDUREPUBLIC VERSION