CELEX: 32020M9993
Language: en
Date: 2020-12-21 00:00:00
Title: Commission Decision of 21/12/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9993 - ALLIANZ / NOBLE ) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 21.12.2020
                                                                C(2020) 9559
                                                                                 PUBLIC VERSION
                                                                To the notifying party
Subject:        Case M.9993 – Allianz/Noble
                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 27 November 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertaking Allianz SE (‘Allianz’, Germany), belonging to the Allianz Group
        (Germany), acquires within the meaning of Article 3(1)(b) of the Merger Regulation
        control over the whole of Noble plc (‘Noble’, UK) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for Allianz: providing financial services globally, predominantly in relation to life
              and non-life insurance and asset management,
             for Noble: providing contract drilling services to the international oil and gas
              industry with a global fleet of mobile offshore drilling units.
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
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 419, 4.12.2020, p. 47.
4       OJ C 366, 14.12.2013, 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--- 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
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