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ACM wants to assess acquisition of Delta Lloyd by rival NN Group

The Netherlands Authority for Consumers and Markets (ACM) has filed a request with the European Commission for assessing the acquisition of Dutch financial-services provider Delta Lloyd by its rival NN Group. The effects of this proposed acquisition are primarily felt in the Dutch markets for insurances and pensions. That is why ACM wishes to carry out the investigation. ACM has the knowledge of and expertise in financial services in order to be able to assess this acquisition properly. The European Commission will assess which is the most appropriate authority to conduct the investigation; the European Commission itself or ACM.

Merger control

ACM assesses in advance whether companies that wish to acquire or merge with another company do not gain too much market power. This is how ACM prevents large companies from emerging that could abuse their dominant position. In this way, ACM protects consumers and competitors. This objective has been laid down in the Dutch Competition Act.

If the joint turnover of the companies of the proposed transaction exceeds a certain threshold, the European Commission will assess that merger or acquisition instead of ACM. However, ACM has the opportunity to file a request with the European Commission to refer the assessment of the merger or acquisition to ACM, as is the case here.