The Service of the Commission for the Protection of Competition received on behalf of Gazprom Germania GmbH, a notification of a proposed concentration according to section 10(4)(α) of the Control of Concentrations between Enterprises Law (Number 83(I)/2014), concerning the acquisition of part of the share capital of Shwarzmeer Und Ostsee Versicherungs-Aktiengesellschaft Sovag.
Gazprom Germania GmbH is a company duly registered under the laws of Germany. Its main activity is the funding and management of investments. Gazprom Germania GmbH is a subsidiary of ΟΑΟ Gazprom, which is a public company, duly registered under the laws of Russia. ΟΑΟ Gazprom is active in the exploration, production, transportation, supply, marketing, distribution and storage of natural gas.
Shwarzmeer Und Ostsee Versicherungs-Aktiengesellschaft Sovag is a company duly registered under the laws of Germany. The company is a provider of insurance services and its main business activities is the provision of insurance services (except the provision of life insurance services) and reinsurance services.