The Swedish Competition Authority clears a merger by an acquisition of sole control in the pensions and insurance sector (Pensionsservice / Pensionsförsäkring)

The Swedish Competition Authority (“the SCA”) received notification of a proposed concentration, by which KPA Pensionsservice AB (“KPA”) acquired sole control of SPP Liv Pensionstjänst AB (“SPP”). In the same notification, KPA Pensionsförsäkring AB notified the acquisition of sole control of a life insurance portfolio (“the Life Insurance Portfolio”) from SPP Livförsäkring AB. The concentration did not exceed the mandatory notification thresholds. According to the Swedish Competition Act (Sw. Konkurrenslagen (SFS 2008:579)), notification is mandatory if the parties have a combined turnover in Sweden of above SEK 1 billion (approx. EUR 116 million) and at least two of the involved parties have a turnover in Sweden exceeding SEK 200 million (approx. EUR 23 million). However, parties may voluntarily

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Viktor Wahlqvist, The Swedish Competition Authority clears a merger by an acquisition of sole control in the pensions and insurance sector (Pensionsservice / Pensionsförsäkring), 4 September 2013, e-Competitions September 2013, Art. N° 68852

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