PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2026/67 - Allianz Portugal / Caravela
Acquired
Caravela - Companhia de Seguros, S.A.
Description
A company that develops its activity in the non-life insurance sector in Portugal, and operates in various insurance segments, including automobile, fire and other damages, work accidents, health, personal accidents, civil liability, assistance, maritime and transport, transported goods, surety and pecuniary losses.
Acquiring
Companhia de Seguros Allianz Portugal, SA
Description
A company that operates in the life and non-life insurance sectors and is part of the Allianz Group, an insurance and asset management group with a presence in more than 70 countries, including Portugal, controlled by Allianz SE, a European company (Societas Europaea) listed on the Frankfurt Stock Exchange.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
  • ASF - Insurance and Pension Fund Supervisory Authority
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger consists of the acquisition, by Companhia de Seguros Allianz Portugal, S.A. (“Allianz Portugal”), of sole control of Caravela – Companhia de Seguros, S.A. (“Caravela”).
Timeline
2026-09-25
Phase I Decision - AdC adopted a non-opposition decision in the merger operation Ccent/2026/67 - Allianz Portugal / Caravela
2026-08-26
Allianz Portugal notifies acquisition of sole control over Caravela
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