login
login

Europe Daily Bulletin No. 11093

4 June 2014
ECONOMY - FINANCE - BUSINESS / (ae) mergers

03/06/2014 (Agence Europe) - Acquisition in insurance sector. On Tuesday 3 June, the European Commission gave the go-ahead to the acquisition of five companies belonging to the Skandia group, providing life insurance in Austria and Germany, by Heidelberg Leben Holding AG, a German insurance company controlled by Cinven, a UK private equity group. The Commission concluded that the proposed acquisition would not raise competition concerns given the very low combined market shares resulting...