M/21/042 Canada Life/AIB (JV)
Transaction details
The proposed acquisition concerning the creation of a full-function joint venture between Canada Life Irish Holding Company Limited (an indirect wholly-owned subsidiary of The Canada Life Assurance Company) and Allied Irish Banks, plc has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Wednesday August 4, 2021 | Monday, September 13, 2021 |
| 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. |
| Canada Life Irish Holding Company Limited | Canada Life Irish Holding Company Limited, is indirectly part of Great-West Lifeco Inc., which provides life insurance, pensions, retirement savings and asset management in Ireland. |
| Economic sector | Media merger |
|---|---|
| Finance and Insurance Services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, August 19, 2021 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Dineo Mashego | email: dineomashego@ccpc.ie |
| Tommy Burke | email: tommyburke@ccpc.ie |
| Peter Honer | email: peterhoner@ccpc.ie |
Media enquiries: communications@ccpc.ie
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