Arachas/Glennon
Transaction details
The proposed acquisition by Arachas Bidco Designated Activity Company of 100% of the issued share capital, and thus sole control of (i) Frank Glennon Limited, and (ii) Administration and Management Services Limited, together with their subsidiaries, has been cleared by the Competition and Consumer Protection Commission.
Case details
- Notification date:9 August 2022
- Publication date:9 August 2022
- Economic sector:Financial and insurance services - L
- Economic sub-sector:Insurance and pension services - L.65
- Outcome:Cleared
Documents
M.22.042 Merger AnnouncementPDF | 109 KBM.22.042 Merger Announcement PDF | 109 KB - Opens in new window
M.22.042 DeterminationPDF | 401 KBM.22.042 Determination PDF | 401 KB - Opens in new window
Timetable
Parties Involved
Arachas Bidco Designated Activity Company
Arachas Bidco Designated Activity Company distributes commercial and personal insurance products through its retail and wholesale channels predominantly to customers located in Ireland.
Glennon
Frank Glennon Limited and Administration and Management Services Limited, and their subsidiaries ("Glennon") are family-owned independent insurance brokers, providing life and non-life insurance intermediary and associated services to private and commercial customers.
Contacts
- Kelly Lynch kellylynch@ccpc.ie
- Peter Honer peterhoner@ccpc.ie
