The Spanish Competition Authority clears a merger between two funeral services insurance companies after a Phase II investigation subject to conditions (Santa Lucía / Funespaña)

On 7 September 2021, the Spanish Competition Authority ("CNMC") cleared, subject to commitments and conditions, the acquisition by Santa Lucía of exclusive control of almost all assets of Mapfre Group subsidiary Funespaña. The transaction affects the funeral services and funeral planning sectors. Key takeaways The conditions and commitments adopted are aimed at mitigating customer foreclosure and coordinated effects risks arising from the presence of two competing insurance companies in the shareholding

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Rafael Baena, Javier Torrecilla Pérez, The Spanish Competition Authority clears a merger between two funeral services insurance companies after a Phase II investigation subject to conditions (Santa Lucía / Funespaña), 7 septembre 2021, e-Competitions November 2021 - II, Art. N° 103660

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