The Spanish Competition Authority opens a Phase II investigation into a proposed merger that would create the largest company in the national funeral services market (Santa Lucía / Funespaña)

At the end of last year, a major Spanish insurance group -Santa Lucía- notified to the Spanish Competition authority (the "CNMC") a proposed merger whereby it would acquire the funeral businesses of Funespaña (a subsidiary of Mapfre, a direct competitor of Santa Lucía). This acquisition will be carried out