Brussels, 6 January 2025
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by AB Sagax (‘Sagax’) of Sweden and Swiss Life Investment Management Holding AG (‘Swiss Life’) of Switzerland.
The transaction relates primarily to the letting of real estate to third parties in Finland.
The Commission concluded that the notified transaction would not raise competition concerns, given 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.11794.