<h1>Competition approval for acquisition of additional shareholding in a life insurer enables consolidation of joint control and regulatory clearance.</h1> The Competition Commission granted competition approval for Ageas Insurance International NV to acquire additional shareholding in Ageas Federal Life Insurance Company Limited. Ageas, as ultimate holding company, currently holds a substantial minority stake and jointly controls the insurer with other shareholders. The transaction concerns expansion of shareholding in a life insurer offering term, child, ULIP, saving, retirement, health, group and online plans. A detailed regulatory order will follow outlining the assessment under the competition framework.