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Europe Daily Bulletin No. 8664

12 March 2004
Contents Publication in full By article 43 / 47
GENERAL NEWS / (eu) eu/competition
Green light for Vidacaixa's take-over of SCH Prevision

Brussels, 11/03/2004 (Agence Europe) - The European Commission has given the go-ahead to Spanish insurance company, Vidacaixa to take over the life assurance activities of Santander Central Hispano Prevision (SCH Prevision). The Commission pointed out that the only market on which the activities of the two parties are brought together is that of the life assurance group in Spain. Combined market share will not, however, be more than 20% and a number of sufficiently strong competitors remain...

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