Brussels, 31 October 2022
The European Commission has approved, under the EU Merger Regulation, the acquisition of Axa Customer Solutions Aktiengesellschaft (‘Axa Customer Solutions’) of Germany, by Athora Holding Ltd. (‘Athora’) of Bermuda. Axa Customer Solutions holds a portfolio of deferred annuities and endowments in Germany. Athora is a life insurance and reinsurance group focused on the European market. The Commission concluded that the proposed acquisition would raise no competition concerns given the companies’ moderate combined market positions resulting from the proposed transaction. 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.10895.
Source – EU Commission