CASE COMMENTS: MERGERS - PHASE I – ACQUISITION OF SOLE NEGATIVE CONTROL – INSURANCE MARKET

Phase I - Clearance : The European Commission clears the acquisition of sole control over a British insurance company and its investment subsidiary by a large insurance company (Aviva/Friends Life/Tenet)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. A concentration with a Community dimension: Negative acquisition of sole control Single takeovers are not uncommon in merger control practice. While not necessarily the most frequent mode of acquiring control, they are the most normal and logical mode. A company acquiring an interest in the capital of another company which gives it a majority in the decision-making bodies, or at least ensures that it alone exercises decisive influence. This is indeed what the first part of the operation in Case M.7478 (published on 17 April 2015) Aviva acquiring 100% of the existing and to be issued capital of the British company Friends Life was about (point 5 of the

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  • University Paris II Panthéon‑Assas

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Dominique Berlin, Phase I - Clearance : The European Commission clears the acquisition of sole control over a British insurance company and its investment subsidiary by a large insurance company (Aviva/Friends Life/Tenet), 13 March 2015, Concurrences N° 3-2015, Art. N° 75083, pp. 127-130

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