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REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 25/06/2014

In electronic form on the EUR-Lex website under document number 32014M7262

Office for Publications of the European Union L-2985 Luxembourg

EUROPEAN COMMISSION

Brussels, 25.06.2014 C(2014) 4427 final

PUBLIC VERSION

SIMPLIFIED MERGER PROCEDURE

To the notifying party:

Dear Madam(s) and/or Sir(s),

1.On 26.05.2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking Ageas Insurance International N.V. ('Ageas', the Netherlands), a company belonging to the international group Ageas S.A., acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of Companhia Portuguesa de Seguros S.A. ('Ocidental Seguros', Portugal) and of Companhia Portuguesa de Seguros de Saude S.A. ('Médis', Portugal) by way of purchase of shares.

The business activities of the undertakings concerned are:

-- for Ageas : provision of life and non-life insurance services to personal, business and institutional customers.

-2- for Médis and Ocidental Seguros: provision of non-life insurance services.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(c) and

OJ L 24, 29.1.2004, p. 1 ("the Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ("TFEU") has introduced certain changes, such as the replacement of "Community" by "Union" and "common market" by "internal market". The terminology of the TFEU will be used throughout this decision.

Publication in the Official Journal of the European Union No C 167, 04.06.2014, p. 15.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.

For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation.

For the Commission

(Signed) Alexander ITALIANER Director General

OJ C 366, 14.12.2013, p. 5.

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