M/21/042 Canada Life/AIB (JV)
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|
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