The European Commission has given the green light for the sale of the Dutch insurance company Vivat by the Chinese company Anbang to Athora. Part of the deal is that the Bermuda-based insurance group immediately resells the non-life insurance activities to NN Group, bringing them back into Dutch hands.

According to Brussels, the deal does not raise competition concerns. Athora is in the hands of the American investment company Apollo Management. Vivat, formerly Reaal, also owns the Zwitserleven and Actiam brands, among others.

NN accounts for 416 million euros for the Vivat claims branch. Athora becomes the owner of the life insurance portfolio and the asset management department including Actiam. An acquisition sum was not disclosed.

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