21/11/2012 (Agence Europe) - Mergers HDI Poland/Talanax-Meiji Yasuda. On 20 November, the European Commission gave the go-ahead to the joint acquisition of two Polish insurance companies HDI Asekuracja S.A and HDI-Gerling ¯ycie S.A by Talanx International AG and Meiji Yasuda Life Insurance Company, respectively a German and a Japanese insurer. The parties' activities overlap in Poland for life and non-life insurance. As the two parent companies are active on the market for reinsurance, the transaction would also create a vertical relationship. The Commission found that the transaction would not, however, raise competition concerns in Poland because of the parties' moderate combined market shares, the absence of market share increase resulting from the transaction and the presence of a sufficient number of strong competitors on the markets concerned. The deal was notified on 17 October 2012. (FG/transl.fl)