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

The European Commission has cleared under the EU Merger Regulation the proposed acquisition by the French subsidiary of the German Allianz insurance group of a non-life insurance portfolio belonging to the French insurance company Gan Eurocourtage SA. The portfolio comprises insurance contracts and related brokerage businesses, assets and liabilities. The Commission's investigation confirmed that the notified operation would not raise competition concerns because it would not significantly alter the market structure.