The CNMC approves the terms and conditions of Santa Lucía's acquisition of virtually all the assets of Funespaña, Mapfre Group's funeral plan provider* The transaction affects the funeral services and prepaid funeral plan sectors. Authorisation is contingent on compliance with four terms and conditions imposed by the CNMC and three commitments proposed by Santa Lucía. Mapfre must, inter alia, dispose of its 25% ownership interest in the new entity to avoid strengthening its market position. Madrid, 10 September 2021.– The CNMC has cleared, subject to certain terms and conditions, the acquisition by Santa Lucía of exclusive control of virtually all the assets of Funespaña, a Mapfre Group subsidiary. (C/1086/19 Santa Lucía/Funespaña) After an in-depth "phase II" investigation, the CNMC gave
The Spanish Competition Authority approves after a Phase II investigation the terms and conditions of a merger in the funeral services market (Santa Lucía / Funespaña)
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