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

1.1. REI Investment I B.V. ("REI") and Allianz S.p.A. ("Allianz") together intend to acquire the entire capital of Fiumaranuova S.r.l. ("Fiumaranuova"). REI and Allianz intend to acquire joint control over Fiumaranuova.

2.2. Fiumaranuova is the full and exclusive owner of a shopping centre known as "Centro Commerciale Fiumara", as well as the connected entertainment centre known as "Centro Divertimenti Fiumara", both located in Genoa, in the Genoa province (part of the Liguria region), Italy.

3.3. REI is (indirectly) wholly owned by ING Groep N.V., which is based in the Netherlands and is a global fmancial institution of Dutch origin offering banking, investments, insurance and retirement services.

4.4. Allianz is (indirectly) wholly owned by Allianz SE, which is based in Germany and is the ultimate holding company of the Allianz group. The AlIianz group is a multinational financial services provider which is active worldwide in the insurance and asset management business.

The proposed transaction will not significantly impede effective competition.