M/12/025 – AIB / Ark Life

Transaction details

The proposed acquisition of the entire issue share capital of Ark Life Assurance Limited by Allied Irish Banks plc has been cleared by the Competition Authority.

Notification date Decision date
Friday November 23, 2012 Wednesday, December 19, 2012
Parties Involved Business activities
Allied Irish Bank plc

AIB offers goods and services in the commercial and personal banking sector, both worldwide and in the State.

Ark Life Assurance Company Limited

Ark Life's activities are limited to the management of its closed book of life insurance funds.

Economic sector Media merger
Ark Life formerly operated in the design and the underwriting ("manufacture") of life insurance products (comprising protection, saving and investment products and pension products) sector. AIB operates in the commercial and personal banking sector. No
Submissions from third parties due by:
Phase 1 Phase 2
Thursday, December 6, 2012
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Elaine Cahill

Tel: 01-804 5482, email: ec@tca.ie

Media enquiries: MKC Communications: 01 7038600

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