M/18/003 – LCCGI/Generali Paneurope DAC
Transaction details
The proposed acquisition by LCCG Ireland Limited of sole control of Generali Paneurope DAC has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Thursday January 18, 2018 | Monday, February 26, 2018 |
| Parties Involved | Business activities |
|---|---|
| LCCG Ireland Limited | LCCG Ireland focuses on the international life insurance market through two separate businesses; Utmost Wealth Solutions and Harcourt Life. LCCG Ireland is an indirect subsidiary of Life Company Consolidation Group Limited (LCCG), ultimately owned and controlled by Oaktree Capital Group LLC. |
| Generali Paneurope DAC | Generali Paneurope DAC is a life insurance company registered and authorised by the Central Bank of Ireland to transact life assurance business in Ireland and on a cross-border basis in the EU. |
| Economic sector | Media merger |
|---|---|
| Financial and insurance services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, February 1, 2018 | |
| Current status: Completed |
|---|
| Preliminary investigation (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Cathal Hanley | Cathal Hanley |
Media enquiries: doireannsweeney@ccpc.ie
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