M/11/010 – Northern Trust / BOI Securities Services
Transaction details
The Competition Authority has cleared the proposed acquisition of Bank of Ireland Securities Services by Northern Trust Fiduciary Services (Ireland) Limited and Northern Trust (Ireland) Limited (Purchaser) and The Northern Trust Company (Purchaser Guarantor).
| Notification date | Decision date |
|---|---|
| Tuesday March 8, 2011 | Tuesday, April 5, 2011 |
| Parties Involved | Business activities |
|---|---|
| Northern Trust (Ireland) Limited | Northern Trust provides a range of asset servicing solutions to a diverse client base encompassing alternative, multimanager and traditional fund managers and institutions worldwide. |
| Bank of Ireland Securities Services | BOI Securities Services is the custody and fund administration for Bank of Ireland. |
| Economic sector | Media merger |
|---|---|
| The acquisition involves the custody and fund administration sector. | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Friday, March 18, 2011 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Cathal Hanley | Tel: 01-804 5419, email: ch@tca.ie |
Media enquiries: MKC Communications: 01 7038600
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Competition and Consumer Protection Commission
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Tel +353 (0)1 402 5500
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