CELEX: 32011M6223
Language: en
Date: 2011-10-20 00:00:00
Title: Commission Decision of 20/10/2011 declaring a concentration to be compatible with the common market (Case No COMP/M.6223 - AEGON / BANCA CIVICA / CAJABURGOS VIDA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

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32011M6223

Commission Decision of 20/10/2011 declaring a concentration to be compatible with the common market (Case No COMP/M.6223 - AEGON / BANCA CIVICA / CAJABURGOS VIDA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |EUROPEAN COMMISSION     |
            Brussels , 20/10/2011
             C(2011)7669
              PUBLIC VERSION SIMPLIFIED MERGER PROCEDURE
             To the notifying party/ies:
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.6223 - AEGON/ BANCA CIVICA/ CAJABURGOS VIDA Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004  [1]  
            1.  On 15 September 2011, 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 Aegon Spanje Holding B.V. (Spain), belonging to Aegon Group (the Netherlands), and Grupo Banca Cívica, S.A. (Spain) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking Cajaburgos Vida, Compania de Seguros de Vida, S.A. (Spain) by way of purchase of shares.
            2.  The business activities of the undertakings concerned are:
             - Aegon Spanje Holding B.V.: Production and distribution of insurance and pension products in Spain.
             - Grupo Banca Cívica, S.A.: Production and distribution of banking services, insurance and pension products in Spain.
             - Cajaburgos Vida, Compania de Seguros de Vida, S.A.: Production and distribution of life insurance products in Spain. [2]  
            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)(i)of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 [3]  .  
            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
            [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]  Publication in the Official Journal of the European Union No C 281, 24/09/2011, p.22
            [3] OJ C 56, 5.3.2005, p. 32.