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Image header Agence Europe
Europe Daily Bulletin No. 11001
Contents Publication in full By article 31 / 35
ECONOMY - FINANCE - BUSINESS / (ae) competition

21/01/2014 (Agence Europe) - Mergers: Allianz SE-NRF/Kamppi Shopping Center. On 21 January, the European Commission granted clearance to the acquisition of joint control over NRF (Finland) AB by Allianz SE of Germany and Nordic Retail Fund FCP - FIS (NRF) of Luxemburg. Allianz SE, the ultimate holding company of Allianz Group, is a multinational financial services provider active worldwide in the insurance and asset management business. NRF is a real estate fund with a focus on investing in shopping centres in Finland and Sweden. It is a shareholder of various Finnish companies which own or hold hereditary building rights to Kamppi Shopping Center in Helsinki, Finland. The Commission concluded that the deal notified on 11 December would not raise competition concerns, in particular, because it would not significantly alter the market structure. The transaction was examined under the simplified merger review procedure. (FG: transl.fl)

 

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