Commission clears acquisition of R&Q Accredited by ONEX

Source: European Commission Spokesperson's Service  

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Randall & Quilter America Holdings Inc. (‘R&Q Accredited’) of the US by ONEX Corporation (‘ONEX’) of Canada.

The transaction relates primarily to the markets for non-life insurance and reinsurance in the US, the UK and Europe.

The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited combined market position. The transaction was examined under the simplified merger review procedure.

More information is available on the Commission’s competition website, in the public case register under the case number M.11376.

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