The Spanish Competition Authority initiates three sanctioning proceedings against two funeral home companies for breach of the duty to notify the commission of mergers and acquisitions before execution (Albia / Funespana)

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Spanish Competition Authority, Albia / Funespaña, Press release, 21 April 2022

The CNMC initiates three sanctioning proceedings for breach of the duty to notify mergers or acquisitions before executing them* The sanctioning proceedings affect Albia Gestión de Servicios, S.L.U. (a subsidiary of the Santa Lucía group), which acquired exclusive control of the funeral homes Funeraria Tanatorio La Paz, S.L. and Tanatorio de Marín, S.L. and did not notify the CNMC before executing the acquisition in 2019. In addition, Funespaña, S.A. (a subsidiary of the Mapfre group) did not

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Spanish Competition Authority, The Spanish Competition Authority initiates three sanctioning proceedings against two funeral home companies for breach of the duty to notify the commission of mergers and acquisitions before execution (Albia / Funespana), 21 April 2022, e-Competitions Gun jumping, Art. N° 106293

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