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
direct line: +353 1470 3607
mobile: +353 86 774 2106

Tommy Burke

email: tommyburke@ccpc.ie
direct line: +353 1402 5503

Peter Honer

email: peterhoner@ccpc.ie
direct line: +353 85 877 5412

Media enquiries: communications@ccpc.ie

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