19/12/2014 (Agence Europe) - Acquisition of Banca Carige's insurance business by Apollo Management investment funds. On Friday 19 December, the European Commission gave the go-ahead to the acquisition of Carige Vita Nuova S.p.A. and Carige R.D. Assicurazioni e Riassicurazioni S.p.A. and their affiliates, of Italy by investment funds managed by affiliates of Apollo Management L.P. of the United States. Carige provides insurance products and services in Italy. Apollo invests in companies in manifold sectors throughout the world. The Commission concluded that the proposed acquisition would not raise competition concerns because there are no overlaps between the companies' activities and a number of strong players will remain active in the market after the merger. (EL)