Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

The Proposed Transaction involves the acquisition by Aegon Spanje of a 50% shareholding in CaixaSabadell Vida, currently controlled by Unnim and a third party that will become (on a temporary basis, until the Proposed Transaction can be implemented) a wholly-owned subsidiary of Unnim in the very short-term. The activities of the undertakings are:

ƒ Aegon Spanje belongs to the Aegon Group of insurance companies, the parent company of which is Aegon N.V. Aegon's activities are asset management, insurance, pension and related products and operates world-wide, mainly in the United States, the Netherlands and the United Kingdom. Aegon Spanje operates in Spain in the production and distribution, directly and indirectly, of insurance and pension products.

ƒ Unnim heads a group of companies that engages mainly in banking operations and to a much lesser extent insurance distribution in Spain.

ƒ CaixaSabadell Vida: life insurance and pension products in Spain.

The Parties have requested treatment of the transaction under the Commission Notice on a simplified procedure for treatment of certain transactions.