The Belgian Competition Council conditionally cleared an acquisition in the funeral insurance market subject to non-discrimination and other behavioural remedies (Dela Holding/Sophia Group/Waterland Equity Fund/BVBA)

By the operation cleared by the Belgian Competition Council in phase I (extended at the request of the parties) on 10 June 2005, N.V. Dela Holding, active in the funeral insurance and related services sector, acquires N.V. Sophia Group, a Belgian company that runs funeral homes in Belgium. The market(s) The relevant markets were defined by the Competition Council as the Belgian market for funeral insurance and the local markets for the distribution of funeral insurance, funeral services and mortuary