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Image header Agence Europe
Europe Daily Bulletin No. 10728
ECONOMY - FINANCE - BUSINESS / (ae) competition

12/11/2012 (Agence Europe) - Mergers: Helvetia/Gan Eurocourtage. On 12 November, the European Commission authorised the acquisition by the French subsidiary of Swiss insurance company Helvetia of the maritime and transport insurance (not including aviation and space) business, brokerage and related businesses of French insurance company Gan Eurocourtage SA. The Commission says the deal, notified on 4 October 2012, does not raise competition problems given the limited market shares involved and the presence of weighty competitors. The investigation focussed on the impact of the merger on insurance for ship hulls and small inland waterway craft and transport insurance in France, the only country in the European Economic Area where the two companies have a combined market share of more than 15%. (FG/transl.fl)

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