Commission Decision of 16/02/2007 declaring a concentration to be compatible with the common market (Case No IV/M.4555 - CNP ASSURANCES / SKANDIA VIDA) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Brussels, 16.02.2007 SG-Greffe(2007) D/200716 To the notifying party: Dear Sirs, Subject: Case No. COMP/M.4555 – CNP Assurances / Skandia Vida Notification of 12/01/2007 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C014, 20/01/2007, page 9. 1 On 12/01/2007, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/20041 by which the undertaking CNP Assurances S.A.
("CNP", France) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking Skandia Vida S.A. de Seguros y Reaseguros ("Skandia Vida", Spain) by way of purchase of shares. 2. The business activities of the undertakings concerned are: - for CNP: Life Assurance, Non-Life Assurance and Re-insurance - for Skandia Vida: Life Assurance and Re-insurance 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 --------------------------------------------------