Official Journal of the European Union

C 299/11

Prior notification of a concentration

(Case COMP/M.5341 — Allianz/Cominvest)

(Text with EEA relevance)

(2008/C 299/06)


On 13 November 2008, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Allianz SE acquire(s) within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the investment management of Commerzbank AG, the Cominvest Gruppe — with exception of the business concerning open property fundsclosed funds and socalled, Exchange Traded Funds (EFT) — from Commerzbank, by way of purchase of shares.


The business activities of the undertakings concerned are:

for Allianz: is a wordwide operation financial services company, with its primary business in the area of insurances, investment management and banking,

for Cominvest Gruppe: is only active in investment management.


On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. However, the final decision on this point is reserved.


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 ((32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.5341 — Allianz/Cominvest, to the following address:

European Commission

Directorate-General for Competition

Merger Registry


B-1049 Brussels

(1)  OJ L 24, 29.1.2004, p. 1.