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Bank of Ireland/Certain Assets of KBC

M/21/021

Completed

Transaction details

The proposed acquisition by The Governor and Company of the Bank of Ireland, of certain assets and liabilities of KBC Bank Ireland plc has been cleared by the Competition and Consumer Protection Commission subject to legally binding commitments.
Case details
  • Notification date:15 April 2021
  • Publication date:15 April 2021
  • Economic sector:Financial and insurance services - L
  • Economic sub-sector:Financial services (non-insurance) - L.64
  • Request for information:Yes
  • Outcome:Cleared with proposals
Documents
M.21.021 Phase 2 DeterminationPDF | 3151 KB
M.21.021 Merger AnnouncementPDF | 129 KB
Timetable

Phase One

  • Friday, 16 April, 2021 Notification received
  • Tuesday, 4 May, 2021 Third party submission deadline
  • Wednesday, 26 May, 2021 Further information required
  • Friday, 10 September, 2021 Further information received
  • Wednesday, 20 October, 2021 Determination issued

Phase Two

  • Wednesday, 20 October, 2021 Phase 2 begins
  • Wednesday, 20 October, 2021 Third party submission deadline
  • Monday, 22 November, 2021 Further information required
  • Thursday, 21 January, 2022 Further information received
  • Wednesday, 17 February, 2022 Assessment issued
  • Friday, 11 March, 2022 Proposals received
  • Monday, 23 May, 2022 Phase 2 determination issued
Parties Involved

Bank of Ireland

Bank of Ireland is a financial services group providing a broad range of banking and other financial services with offices in the State, the United Kingdom, the United States of America, Germany, France and Spain.

 

KBC Bank Ireland plc

KBC Bank Ireland plc ("KBCI") is an indirectly wholly owned subsidiary of KBC Group N.V. KBCI is active in the provision of banking and financial services in the State.
Contacts
Craig Whelan craigwhelan@ccpc.ie
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