The Italian Competition Authority grants conditional clearance to the acquisition of control of its rival by an insurer (Unipol of Premafin / Fondiaria)

The notified transaction On 24 February 2012, Unipol Gruppo Finanaziario S.p.A. (hereinafter also "UGF"), a top player on the Italian insurance market, notified to the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato, "AGCM") a transaction, called by the parties "the Integration Plan", which consisted in the acquisition of the exclusive control of its rival Premafin Finanziaria S.p.A. – Holding di Partecipazioni S.p.A. (hereinafter also "Premafin"), a holding which controls Fondiaria SAI S.p.A., and, indirectly, of the insurances and reinsurance companies controlled by Premafin, as well as the controlling interests and the shareholdings in all other Premafin subsidiaries or affiliates. The Integration Plan would have lead to the creation of Italy's

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Stefania Amoruso, The Italian Competition Authority grants conditional clearance to the acquisition of control of its rival by an insurer (Unipol of Premafin / Fondiaria), 19 juin 2012, e-Competitions June 2012, Art. N° 48550

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