Banco Santander: EU approves acquisition with Mapfre
(CercleFinance.com) - Pursuant to EU merger regulations, the European Commission has approved the acquisition of Popular Seguros by Spian's Mapfre and Banco Santander.
Operating in the insurance market in Spain, Popular Seguros is a 100%-subsidiary of Banco Santander.
The Commission has concluded that the planned acquisition would not pose any competition issues, given the horizontal overlap and very limited vertical relations between the companies' businesses.
Copyright (c) 2020 CercleFinance.com. All rights reserved.