Europe clears Liberty Mutual’s Quinn Insurance takeover
The European Commission has granted clearance, under the EU Merger Regulation, for the acquisition of the general insurance business in Ireland of Quinn Insurance by US insurer Liberty Mutual.
The Commission confirmed the decision in a statement on its website in which it said the operation was examined under the simplified merger review procedure.
In April 2011 a joint venture of Liberty Mutual and Anglo Irish bank was announced as the preferred bidder for Quinn's general insurance business although the deal was subject to approval from the relevant authorities.
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