Metlife is a financial services company, present in Romania through three wholly-owned subsidiaries: Metropolitan Life Societate de Administrare a unui Fond de Pensii Administrat Privat S.A. (Metropolitan Pensii), Metropolitan Life Asigurari MetLife Europe d.a.c. Dublin Sucursala Bucuresti (Metropolitan Asigurari) and Metropolitan Life Asigurări MetLife Europe Insurance d.a.c. Dublin Sucursala București (Metropolitan Non-Life Asigurari).
PineBridge is engrossed in investment management operations. In Romania, it indirectly controls the companies Digital Cable Systems S.A. and Akta Telecom S.A., which provide triple-play telecommunications services, with cable television, internet and telephony subscribers.
“According to the provisions of Competition Law no. 21/1996, this operation must be authorized by the Competition Council, which will evaluate it in order to establish its compatibility with a normal competitive environment and will issue a decision within the deadlines provided by law,” the antitrust watchdog said in a press statement.