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

1.On 17/9/2021 the European Commission received a notification of a proposed

concentration pursuant to Council Regulation (EC) No. 139/2004 by which

Assicurazioni Generali S.p.A. (“Generali”) would acquire, within the meaning of Article

3(1)(b) of Council Regulation (EC) No. 139/2004, the sole control over Società Cattolica

di Assicurazione S.p.A. (“Cattolica”), through a voluntary public tender offer for the

acquisition of all ordinary shares of Cattolica (excluding the shares already owned by

Generali) listed on the Mercato Telematico Azionario organized and managed by the

Italian Stock Exchange (Borsa Italiana S.p.A.) (the “Transaction”).

The primary business activities of the undertakings concerned are summarised as

follows:

-- Generali is the ultimate parent company of an international group of companies active

in the insurance and financial sector (the “Generali Group”) which is present in over

50 countries worldwide. Generali Group currently operates primarily in Western

Europe, and in the main Central and Eastern European countries. Generali shares

are listed on the Mercato Telematico Azionario of the Italian Stock Exchange in Milan.

The Generali Group is mainly active in the provision and distribution of both life and

non-life insurance products, the provision of reinsurance products, the provision of

assistance services, and in the real estate and asset management sectors.

-- Cattolica is the ultimate parent of a group of companies (the “Cattolica Group”) and

is active - directly, or indirectly through its subsidiaries – mainly in life and non-life

insurance products and, to a marginal extent, in the provision of reinsurance.

Cattolica shares are listed on the Mercato Telematico Azionario of the Italian Stock

Exchange in Milan. While the Cattolica Group is mostly active in the insurance sector,

some of the companies of the Group carry out ancillary and support activities.

The Transaction is aimed at reinforcing Generali position amongst the largest

European insurers and at accelerating the business mix diversification towards the

P&C segment, consistent with the guidelines of the Generali 2021 Strategic Plan –

“Leveraging strengths to accelerate growth”.

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.