M/22/044 – AIB/Certain Mortgage (Tracker) Assets of Ulster Bank
Transaction details
The proposed acquisition by Allied Irish Banks, plc of a portfolio of performing residential mortgage assets, which are predominantly tracker mortgages of Ulster Bank Ireland DAC, has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Thursday August 25, 2022 | Friday, January 13, 2023 |
| Parties Involved | Business activities |
|---|---|
| Allied Irish Banks, plc | Allied Irish Banks, plc is a financial services group operating predominately in Ireland and the United Kingdom. Allied Irish Banks, plc provides a range of services to personal, business and corporate customers. |
| Ulster Bank Ireland DAC | The certain mortgage assets of Ulster Bank Ireland DAC comprise of a portfolio of performing residential mortgage assets, which are predominantly tracker mortgages. |
| Economic sector | Media merger |
|---|---|
| Financial and Insurance Services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Wednesday, September 7, 2022 | |
| Date of Requirement for Information | Date Information Received |
|---|---|
| Tuesday, October 4, 2022 | Monday, December 5, 2022 |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Peter Honer | email: peterhoner@ccpc.ie |
Media enquiries: communications@ccpc.ie
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