06/03/2020 (Agence Europe) – The European Commission approved on Friday 6 March the acquisition of ELL Luxembourg 2 S.à r.l. (ELL), a Luxembourg company, by the French companies AXA Real Estate Investment Managers France (AXA) and Predica Prévoyance Dialogue du Crédit Agricole S.A. (Predica). ELL is active in the rental of electric locomotives used throughout continental Europe. AXA is an asset and fund manager in the real estate sector, primarily in Europe, and a member of the AXA Group, active in life insurance, health insurance and other forms of insurance. Predica is active in the life and health insurance sector. Predica belongs to the Crédit Agricole Group, a global group offering a range of banking and insurance services. The Commission concluded that the proposed amalgamation would not raise competition concerns given its very limited impact on the market structure. (LC)