M/10/022 – Mubadala / PIM Investment

Transaction details

The Competition Authority has cleared the proposed transaction whereby Mubadala Development Company PJSC (モMubadalaヤ) and Prudential Investment Management Inc. (trading as Pramerica Investment Management and Pramerica Real Estate Investors) (モPIMヤ), would create a 50:50 joint venture to be carried out by Mubadala-Pramerica Real Estate Investors (モM-Pヤ).

Notification date Decision date
Wednesday July 28, 2010 Tuesday, August 24, 2010
Parties Involved Business activities
Mubadala Development Company PJSC

Mubadala is active in the State through SR Technics Airfoil Services Limited who provide high and low pressure turbine engine component repair services for blades and vanes on specific types of large commercial airline engines. It is also active in the State through SR Technics Aircraft Design Services Limited who provide aircraft design engineering services.

Pramerica Investment Management

Pramerica Systems Ireland Limited is a wholly-owned subsidiary of Pramerica Financial. It provides software, technology skills and customer support services to Pramerica Financial.

Economic sector Media merger
The joint venture will be involved in the supply of investment products. No
Submissions from third parties due by:
Phase 1 Phase 2
Friday, August 6, 2010
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Andrew Rae

Tel: 01-804 5420, email: ar@tca.ie

Media enquiries: MKC Communications: 01 7038600

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