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Allianz to acquire property division of French insurance co.

 |  July 24, 2012

The European Commission approved Allianz’s purchase of property and casualty brokerage-related activities of Gan Eurocourtage of Groupama. Before clearing the deal, the authority investigated possible anticompetitive outcomes in the non-life insurance and assistance services market in France, and concluded that since the market share increase was negligible and plenty of competitors existed, the transaction raised no competition concerns.

Full content: Reuters


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