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Europe Daily Bulletin No. 9253

30 August 2006
Contents Publication in full By article 18 / 25
GENERAL NEWS / (eu) eu/competition
Acquisition of Winterthur by AXA receives clearance

Brussels, 29/08/2006 (Agence Europe) - The Commission has authorised the project of the French group AXA to acquire the Swiss insurance firm, Winterthur. Despite overlapping on several non-life insurance markets in Belgium and on the motor insurance market in Luxembourg, the Commission does not believe there is a risk for competition. Given the position held by the parties on the motor insurance sector in Luxembourg and the presence of powerful competitors, it is unlikely that the operation...

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