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 notified acquisition relates to the proposed acquisition of sole control within the meaning of Article 3(1)(b) of Regulation (EC) No. 139/2004 by Nordea Life Holding AB of Topdanmark Liv Holding A/S by way of purchase of shares.

Nordea is a Finnish based bank, which offers a full range of services relating to financial services, including retail banking, corporate banking, investment banking, capital markets services, asset management and insurance; primarily in its four Nordic home markets - Denmark, Finland, Norway and Sweden.

Nordea's wholly owned subsidiary, Nordea Life Holding AB, is the holding company of Nordea's life insurance companies in Finland, Sweden and Norway as well as Nordea's non-life insurance company in Finland.

Target is the holding company of Topdanmark Livsforsikring A/S, which is active within the life insurance and pension industry in Denmark. The company offers corporate pension schemes targeting small and medium sized companies as well as pension and insurance coverage for individuals distributed both directly to the customer or through insurance brokers. Target's products include pension savings, illness & accident insurance, and group life products.

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.