19/12/2008 (Agence Europe) - On 19 December, the European Commission approved the proposed acquisition of certain assets of the Cominvest by Allianz Bancassurance, both of Germany. These assets are Cominvest Asset Management GmbH, Cominvest Asset Management S.A., Münchener Kapitalanlage AG and MK Luxinvest S.A., companies specialising in the production of mutual funds, both securities and money market funds. The Commission's investigation found that the parties' activities overlap in the German market would not cause the new entity to have a dominant position. The operation is related to the sale of Dresdner Bank to Commerzbank and Allianz' taking up of a minority share in Commerzbank, which, the Commission notes, fall within the competence of national competition authorities. (C.D./transl.rt)