Mergers & Acquisitions Mergers & Acquisitions

Mapfre can sell funerals firm to rival Santalucía only if it keeps no stake, Spanish watchdog says

By Tono Gil
  • 10 Sep 2021 12:23
  • 10 Sep 2021 12:23
Spanish insurer Santalucía's buyout of a funerals business from rival Mapfre won a green light from the Spanish competition authority as long as Mapfre doesn't retain any stake in the company, among other conditions.  
Both Santalucía and Mapfre — two of Spain's biggest insurance firms — had subsidiaries providing funerary services, and the prominent

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Tono Gil

Regulatory Reporter

Tono is a competition reporter for MLex in Brussels. Prior to joining MLex, he worked as a trainee in the European Parliament and as a correspondent in Valencia and Buenos Aires for the Spanish news agency EFE. Tono holds a degree in Journalism from the University of Valencia and a master in Transmedia Journalism.

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