Brussels, 1 August 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Sinoma Fastighets AB (‘Sinoma’) by Fastighets AB Balder (‘Balder’) and Folksam ömsesidig livförsäkring, Folksam Tjänstepension AB, KPA Tjänstepensionsförsäkring AB (publ.) and Folksam ömsesidig sakförsäkring (‘Folksam’), all of Sweden.
The transaction relates primarily to the sector of real estate and securities in Sweden.
The Commission concluded that the notified transaction would not raise competition concerns, given that Sinoma has negligible activities in the European Economic Area and the companies’ limited combined market position resulting from the proposed transaction. The notified 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.11547.