Aller au contenu principal
Représentation au Luxembourg
Article d’actualité21 juin 20211 min de lecture

Mergers: Commission clears the acquisition of sole control over Eurolife by Fairfax

Illustration: Poignée de main devant le drapeau européen
© Union européene 2019 - Photographe. Mauro Bottaro

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over Eurolife FFH Insurance Group Holdings S.A. (‘Eurolife’) of Greece by Fairfax Financial Holdings Limited (‘Fairfax’) of Canada. Eurolife, currently jointly controlled by Fairfax and OPG Commercial Holdings S.A. of Luxembourg, is active in life and non-life insurance and reinsurance, and insurance distribution in Greece and Romania. Fairfax is a holding company active in property and casualty insurance and reinsurance, and investment management.

The Commission concluded that the proposed transaction would raise no competition concerns given the minor horizontal and vertical overlaps between the companies' activities and because Fairfax already jointly controls Eurolife. The transaction was examined under the simplified merger review procedure.

More information is available on the Commission's competition website, in the public case register under the case number M.10329


Date de publication
21 juin 2021