The Polish Competition Authority approves an acquisition of control by the leading Polish insurance company of a direct competitor (Powszechny Zakład Ubezpieczeń)

In its decision no DKK 56/2017 of 6th April 2017 (the “Decision”), the Polish Office for Competition and Consumer Protection (the “Competition Authority”) gave its consent to the acquisition of control of Bank Polska Kasa Opieki S.A. (“Bank Pekao”) and its subsidiaries engaged in investment and brokerage activities (Pioneer Pekao Investment Management S.A. and Dom Inwestycyjny Xelion Sp. z o.o.) by the leading Polish, state-controlled insurance company (Powszechny Zakład Ubezpieczeń S.A.; “PZU”) (the “Transaction”). In giving its consent, the Competition Authority declared that the Transaction would not have a significant impediment upon competition. The Transaction itself, as well as the fact of its approval by the Competition Authority, may attract considerable interest for various reasons.

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

Grzegorz Materna, The Polish Competition Authority approves an acquisition of control by the leading Polish insurance company of a direct competitor (Powszechny Zakład Ubezpieczeń), 6 April 2017, e-Competitions Bulletin April 2017, Art. N° 84330

Visites 38

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues