Commission Decision of 06/12/2006 declaring a concentration to be compatible with the common market (Case No IV/M.4452 - SWISS RE / GE LIFE) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Brussels, 06/12/2006 SG-Greffe(2006) D/207461 To the notifying party: Dear Madam(s) and/or Sir(s), Subject: Case No. COMP/M.4452 – Swiss Re / GE Life Notification of 3 November 2006 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C 275, 11.11.2006, p. 12 1. On 3 November 2006, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertaking Swiss Re GB Plc (“Swiss RE GB”, UK), a subsidiary of Swiss Reinsurance Company (“Swiss Re” Switzerland) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertakings GE Live Group Limited, GE Life Services Limited and GE Insurance Holdings Limited (together “GE Life”, UK) by way of purchase of shares.
2. The business activities of the undertakings concerned are : - for undertaking Swiss Re : provider of reinsurance services ; - for undertaking GE Life : provider of life insurance services. 3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph c of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004 [2]. 4. For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement.
This decision is adopted in application of Article 6(1)(b) of Council Regulation (EC) No. 139/2004. For the Commission signed Philip LOWE Director General [1] OJ L 24, 29.1.2004 p. 1 [2] OJ C 56, 05.3.2005 p.32 --------------------------------------------------