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Case No COMP/M.6125 - REALE/ UNNIM/ CSG

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REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 08/03/2011

In electronic form on the EUR-Lex website under document number 32011M6125

Office for Publications of the European Union L-2985 Luxembourg

EUROPEAN COMMISSION

Brussels, 8.3.2011 SG-Greffe(2011) D/3614-3615 C(2011) 1649 final

PUBLIC VERSION

MERGER PROCEDURE ARTICLE 6(1)(b) DECISION

SIMPLIFIED PROCEDURE

To the notifying parties:

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

Subject: Case No COMP/M.6125- REALE/ UNNIM/ CSG Notification of 07/02/2011 pursuant to Article 4 of Council Regulation (EC) No 139/2004 Publication in the Official Journal of the European Union No C 43, 11-02-2011, p.21

1.On 04/02/2011, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Reale Seguros Generales, SA, (‘Reale’, Spain) controlled by Società Reale Mutua di Assicurazioni (‘Reale Mutua Group’, Italy) and Unnim (‘Unnim’, Spain) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Caixasabadell Companyia d’Assegurances Generals, SA (‘CSG’), Spain by way of purchase of shares.

1OJ 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.

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

The business activities of the undertakings concerned are:

–– for Reale: active in the insurance sector in Spain,

–– for Reale Mutua Group: international group active in the banking, insurance, real estate and services sectors,

–– for Unnim: group of companies that engages mainly in banking operations and to a much lesser extent insurance distribution in Spain,

–– for CSG: active in the non-life insurance sector (accidents, fires and natural disasters, other property losses, general liability, diverse pecuniary losses as well as legal defence and assistance) in Spain.

2.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) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.

4.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

2OJ C 56, 5.3.2005, p. 32.

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