The Angolan Regulatory Competition Authority (ARC) has approved the merger of companies involving Banco Económico, Seguradoras Unidas and Tranquilidade, Corporação Angolana de Seguros, according to an announcement published in the Jornal de Angola newspaper.
The document, published on the public utility pages of the newspaper, states that on July 5 the ARC Board unanimously decided not to oppose the deal because the assessment concluded that no obstacles to competition would be created in the relevant markets.
The ARC had been notified since March 25 that Angolan bank Banco Económico was planning to acquire the shareholding of Seguradora Unidos in Tranquilidade, Corporação Angolana de Seguros, according to a statement released at the time.
Full Content: Macauhub
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Lawmaker Probes FTC and EU’s Role in Amazon’s Failed iRobot Acquisition
May 2, 2024 by
CPI
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources, Excludes
May 1, 2024 by
CPI
UK Competition Watchdog Raises Alarm Over Nvidia’s ARM Takeover
May 1, 2024 by
CPI
Sen. Klobuchar Urges Regulators to Probe Collusion in Healthcare Pricing
May 1, 2024 by
CPI
Multiple States Join Tennessee’s Antitrust Lawsuit Against NCAA Over NIL Rules
May 1, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI