Thursday, 01 April 2021 10:10

Decision 732/2021

Clearance of the proposed transaction, according to articles 5-10 of L. 3959/2011 consisting in the acquisition of sole control, within the meaning of article 5 par. 2(b) of L. 3959/2011, by “Assicurazioni Generali - Societa per Azioni” over “Axa Insurance S.A”.

Decision 732/2021
File (PDF) Decision 732/2021
Date of Publication of Decision April 1st, 2021
Issue Number of Government Bulletin
Publication pending
Relevant Market  The proposed concentration primarily concerns the wider markets for: a) life insurance, b) non-life insurance and reinsurance services and c) the sub-markets for risk insurance, of transported goods, of fire and nature elements and other property damage and, in geographic terms, extends over the entire Greek territory.
Subject of the Decision Merger
Legal Framework Phase Ι (Article 8 par. 3 L. 3959/2011)
Operative part of the Decision Clearance
Company(ies) concerned

Generali Group / Generali SpA

Axa Insurance S.A
Summary of Decision The competent Chamber of the Hellenic Competition Commission approved, pursuant to article 8 par.3 of Greek Law 3959/2011, the transaction notified on 29.11.2021 consisting in the acquisition of sole control, within the meaning of article 5 par. 2(b) of L. 3959/2011, by “Assicurazioni Generali - Societa per Azioni” over “Axa Insurance S.A”, considering that the above concentration does not raise any serious doubts as to its compatibility with the competition rules in the relevant markets concerned.
Judicial Means FinalNo appeal.
Decisions by the Court of Appeal of Athens (Administrative Division) -
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