Brussels, 27 February 2025
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Luxembourg-based iptiQ EMEA P&C S.A. (“iptiQ”) by Germany-based Allianz Direct Versicherungs-AG (“AZ Direct”).
The transaction concerns the other insurance sector, excluding life insurance.
The Commission concluded that the proposed merger would not raise competition concerns, given the limited market positions of the companies involved resulting from the proposed transaction. The notified transaction was examined under the simplified merger control procedure.
More information is available on the Commission’s competition website , in the public case register under case number M.11815.