Foreign direct investment: The European Commission reaffirms its exclusive competence to examine mergers with a European dimension and orders Hungary to withdraw its veto on a merger (AEGON, Vienna Insurance)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. For the record, VIG 's acquisition ofAEGON 's Hungarian subsidiaries is part of a larger transaction whereby VIG intends to acquireAEGON' s life and non-life insurance, pension fund, asset management and ancillary services businesses in Hungary, Poland, Romania and Turkey. On August 12, 2021, the European Commission [hereinafter the "Commission"] cleared the transaction unconditionally under Council Regulation (EC) No. 139/2004 of January 20, 2004 on the control of concentrations between undertakings [hereinafter the "EU Merger Regulation"]. However, prior to the Commission's clearance decision, the Hungarian authorities objected to VIG 's acquisition