M/21/040 AIB/Certain Assets of Ulster Bank
Transaction details
The proposed acquisition of certain assets of Ulster Bank Ireland DAC by Allied Irish Banks plc. has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Friday July 30, 2021 | Thursday, April 28, 2022 |
| Parties Involved | Business activities |
|---|---|
| Allied Irish Banks plc | Allied Irish Banks plc. ("AIB") is a financial services group operating predominately in Ireland and the United Kingdom. AIB provides a range of services to personal, business and corporate customers. |
| Ulster Bank Ireland DAC | The certain assets of Ulster Bank Ireland DAC comprise of a portfolio of commercial loans to corporates/businesses (including small and medium-sized enterprises and larger corporates). |
| Economic sector | Media merger |
|---|---|
| Finance and Insurance Services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Monday, August 16, 2021 | Friday, January 21, 2022 |
| Current status: Completed |
|---|
| Cleared (Phase 2) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Tommy Burke | email: tommyburke@ccpc.ie |
| Dineo Mashego | email: dineomashego@ccpc.ie |
| Peter Honer | email: peterhoner@ccpc.ie |
Media enquiries: communications@ccpc.ie
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