M/14/014 – Standard Life / Ignis
Transaction details
The proposed acquisition by Standard Life Investments (Holdings) Limited of the entire issued share capital of Ignis Asset Management Limited has been cleared by the Competition Authority.
| Notification date | Decision date |
|---|---|
| Thursday April 17, 2014 | Thursday, May 15, 2014 |
| Parties Involved | Business activities |
|---|---|
| Standard Life Investments (Holdings) Limited | "Standard Life is involved in the provision of the following types of long-term investment services to customers worldwide: (i) Investment / asset management services for corporate and retail customers; (ii) Savings, investment and pensions services for retail customers; and (iii) Pensions and corporate benefits services for corporate customers. " |
| Ignis Asset Management Limited | Ignis provides investment / asset management services to Phoenix Group Holdings life companies as well as to third party clients, including both retail and institutional investors in the UK and overseas. |
| Economic sector | Media merger |
|---|---|
| Both parties provide asset management services. | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Barry O'Donnell | Tel: 01-804 5396, e-mail: bod@tca.ie |
Media enquiries: MKC Communications: 01 7038600
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