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Santa Lucía-Funespaña deal faces in-depth Spanish merger probe

( March 2, 2020, 15:12 GMT | Official Statement) -- MLex Summary: Santa Lucía’s bid to integrate Mapfre’s Funespaña into its funeral business Albia has drawn an in-depth probe from Spain’s competition authority. The CNMC said it was concerned the new entity could harm the markets for funeral services, where the two companies are important players, and life insurance, where Santa Lucía is active.Statement follows in Spanish....

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