Sun. Feb 9th, 2025

Brussels, 31 July 2023

The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Vittoria Assicurazioni S.p.A. (‘VAS’) of Italy and MAPFRE Asistencia, Compañía Internacional de Seguros y Reaseguros S.A. (‘MAPFRE’) of Spain.

The joint venture will offer assistance services in Italy in the areas of car glass repair and certain services for pets. In the future, it may extend its operations to assistance services in the areas of home and health. VAS and MAPFRE are both active in the insurance sector.

The Commission concluded that the proposed acquisition would raise no competition concerns, given that the joint venture has negligible foreseen activities in the European Economic Area. In addition, VAS and MAPFRE’s combined market position resulting from the proposed transaction would remain very limited.

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.11096.

Source – EU Commission

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