Mergers: EU Commission clears the acquisition of sole control over CASER by Helvetia
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of sole control over Caja de Seguros Reunidos, Compañía de Seguros y Reaseguros, S.A (“CASER”) of Spain by Helvetia Schweizerische Versicherungsgesellschaft AG (“Helvetia”) of Switzerland.
CASER is a group focused on the insurance business, as well as the provision of healthcare services, dental clinics, or care home services. Helvetia is an all-lines insurer, also present in certain EU Member States, such as Austria, France, Germany, Italy and Spain.
It is ultimately controlled by Helvetia Holding AG, a Swiss company listed on the Swiss stock exchange.The Commission concluded that the proposed transaction would raise no competition concerns given the limited horizontal and vertical overlaps between the activities of the companies.
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.9772.
Maria Tsoni –