The European Commission has cleared Generali's acquisition of sole control of Liberty Seguros, Compañía de Seguros y Reaseguros.

The transaction mainly concerns the non-life insurance sector in Portugal, where the activities of Liberty Seguros and Generali overlap.

The Commission concluded that the notified transaction would not raise competition concerns, given its limited impact on competition in the markets where the companies are active, and the fact that they will continue to face competition from several strong competitors.

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