Brussels, 19 October 2022
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Topdanmark Liv Holding A/S of Denmark by Nordea Bank Abp (‘Nordea’) of Finland. Topdanmark Liv Holding is active in the life insurance and pension industry in Denmark. Nordea offers a range of financial services, including insurance, primarily in the Nordic countries. The Commission concluded that the proposed acquisition would raise no competition concerns, given the companies’ moderate combined market position 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.10763.
Source – EU Commission