Case No COMP/M.3501 - SEB TRYGG LIV / CODAN PENSION

Only the English text is available and authentic.

REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 01/09/2004

Also available in the CELEX database Document No 32004M3501

Office for Official Publications of the European Communities L-2985 Luxembourg

COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 01 IX 2004

SG-Greffe(2004) D/203868

PUBLIC VERSION

MERGER PROCEDURE ARTICLE 6(1)(b) DECISION

SIMPLIFIED PROCEDURE

To the notifying parties

Dear Madam, dear Sir,

Subject: Case No. COMP/M.3501 - SEB Trygg Liv Holding / Codan Pension Notification of 02.08.2004 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 Publication in the Official Journal of the European Union No. C 202, 10.08.2004, page 16

1.On 02.08.2004, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No. 139/2004 by which the undertaking SEB Trygg Liv Holding AB, belonging to the Skandinaviska Enskilda Banken group (ìSEB Groupî, Sweden), acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertakings Forsikringsselskabet Hafnia Liv A/S, Codan Pensionsforsikring A/S, A/S Forsikringsselskabet Codan Pension and A/S Forsikringsselskabet Codan Link (together ìCodan Pensionî, Denmark) by way of purchase of shares.

The business activities of the undertakings concerned are :

-- for SEB Group: full-service retail and corporate banking including life and pension insurance in Sweden, Estonia and Lithuania.

1OJ L 24, 29.1.2004 p. 1

Commission europÈenne, B-1049 Bruxelles / Europese Commissie, B-1049 Brussel - Belgium. Telephone: (32-2) 299 11 11.

-- for Codan Pension: life and pension insurance primarily in Denmark.

2.After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph c of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No139/2004.

For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EC) No. 139/2004.

For the Commission

Mario MONTI Member of the Commission

2Available on DG COMP website: http://europa.eu.int/comm/competition/mergers/legislation/consultation/simplified_tru.pdf

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