Press Release: Mergers: Commission approves acquisition of part of French insurance company Gan Eurocourtage by rival Helvetia

The European Commission has cleared under the EU Merger Regulation the proposed acquisition by the French subsidiary of the Helvetia insurance group (Switzerland) of marine and transport insurance contracts (excluding aviation and space) and related brokerage businesses, assets and liabilities belonging to the French insurance company Gan Eurocourtage SA. The Commission's investigation confirmed that the notified operation would not raise competition concerns because it would not significantly alter the market structure.