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AIB/Certain Assets of Ulster Bank

M/21/040

Completed

Transaction details

The proposed acquisition of certain assets of Ulster Bank Ireland DAC by Allied Irish Banks plc. has been cleared by the Competition and Consumer Protection Commission.
Case details
  • Notification date:29 July 2021
  • Publication date:29 July 2021
  • Economic sector:Financial and insurance services - L
  • Economic sub-sector:Financial services (non-insurance) - L.64
  • Request for information:Yes
  • Outcome:Cleared
Documents
M.21.040 Merger AnnouncementPDF | 242 KB
M.21.040 Phase 1 DeterminationPDF | 398 KB
M.21.040 Phase 2 Merger AnnouncementPDF | 117 KB
M.21.040 Phase 2 DeterminationPDF | 2168 KB
Timetable

Phase One

  • Friday, 30 July, 2021 Notification received
  • Monday, 16 August, 2021 Third party submission deadline
  • Thursday, 9 September, 2021 Further information required
  • Tuesday, 23 November, 2021 Further information received
  • Friday, 31 December, 2021 Determination issued

Phase Two

  • Friday, 31 December, 2021 Phase 2 begins
  • Friday, 21 January, 2022 Third party submission deadline
  • Friday, 28 January, 2022 Further information required
  • Monday, 21 March, 2022 Further information received
  • Thursday, 28 April, 2022 Phase 2 determination issued
Parties Involved

Allied Irish Banks plc

Allied Irish Banks plc. ("AIB") is a financial services group operating predominately in Ireland and the United Kingdom. AIB provides a range of services to personal, business and corporate customers.

 

Ulster Bank Ireland DAC

The certain assets of Ulster Bank Ireland DAC comprise of a portfolio of commercial loans to corporates/businesses (including small and medium-sized enterprises and larger corporates).

Contacts
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