M/22/042 – Arachas/Glennon
The proposed acquisition by Arachas Bidco Designated Activity Company of 100% of the issued share capital, and thus sole control of (i) Frank Glennon Limited, and (ii) Administration and Management Services Limited, together with their subsidiaries, has been cleared by the Competition and Consumer Protection Commission.
|Notification date||Decision date|
|Wednesday August 10, 2022||Friday, September 16, 2022|
|Parties Involved||Business activities|
|Arachas Bidco Designated Activity Company||
Arachas Bidco Designated Activity Company distributes commercial and personal insurance products through its retail and wholesale channels predominantly to customers located in Ireland.
Frank Glennon Limited and Administration and Management Services Limited, and their subsidiaries ("Glennon") are family-owned independent insurance brokers, providing life and non-life insurance intermediary and associated services to private and commercial customers.
|Economic sector||Media merger|
|Financial and Insurance Services||No|
|Submissions from third parties due by:|
|Phase 1||Phase 2|
|Friday, August 26, 2022|
|Current status: Completed|
|Cleared (Phase 1)|
|Authorised Officer Assigned||Contact Details|
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