11.2.2017   

EN

Official Journal of the European Union

C 45/8

1.

On 3 February 2017, the Commission received notification of a proposed concentration pursuant to Article 4(5) of Council Regulation (EC) No 139/2004 (1) by which the undertaking Fairfax Financial Holdings Limited (‘Fairfax’, Canada) acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of certain assets and renewal rights with respect to the portfolio of local business written by American International Group, Inc. (‘AIG’, United States) in Bulgaria, Czech Republic, Hungary, Poland, Romania and Slovakia (‘AIG Target Portfolio’). Besides, Fairfax will acquire AIG’s local insurance operations in Argentina, Chile, Colombia, Turkey, Uruguay and Venezuela.

2.

The business activities of the undertakings concerned are:

—   Fairfax: property and casualty insurance and reinsurance and investment management.

—   AIG: property and casualty insurance, life insurance, retirement products, mortgage insurance and other financial services. AIG Target Portfolio is engaged in non-life insurance and reinsurance in Central and Eastern Europe.

3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in this Notice.

4.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8290 — Fairfax/AIG Target Portfolio, to the following address: