Mergers: Commission clears joint acquisition of Tank&Rast by Allianz and OMERS
The European Commission has approved, under the EU Merger Regulation, the indirect acquisition of joint control over Autobahn Tank&Rast Gruppe GmbH & Co KG of Germany, by Allianz SE of Germany and OMERS Administration Corporation (“OMERS”) of Canada.
Tank & Rast is a provider of food services, retail goods, hotel accommodation and fuel on German motorways. It is currently under the sole control of Allianz.
Allianz offers a comprehensive range of insurance and asset management products and services to both private and corporate customers. OMERS is the administrator of the Ontario Municipal Employees Retirement System Primary Pension Plan.
The Commission concluded that the proposed acquisition of joint control would raise no competition concerns, because the companies are not active in the same markets.
The transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.9801.
Arianna Podesta –