Canada Life/AIB (JV)
Transaction details
The proposed acquisition concerning the creation of a full-function joint venture between Canada Life Irish Holding Company Limited (an indirect wholly-owned subsidiary of The Canada Life Assurance Company) and Allied Irish Banks, plc has been cleared by the Competition and Consumer Protection Commission.
Case details
- Notification date:3 August 2021
- Publication date:3 August 2021
- Economic sector:Financial and insurance services - L
- Economic sub-sector:Insurance and pension services - L.65
- Outcome:Cleared
Documents
M.21.042 Merger AnnouncementPDF | 257 KBM.21.042 Merger Announcement PDF | 257 KB - Opens in new window
M.21.042 DeterminationPDF | 316 KBM.21.042 Determination PDF | 316 KB - Opens in new window
Timetable
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.
Canada Life Irish Holding Company Limited
Canada Life Irish Holding Company Limited, is indirectly part of Great-West Lifeco Inc., which provides life insurance, pensions, retirement savings and asset management in Ireland.
Contacts
- Dineo Mashego dineomashego@ccpc.ie
- Tommy Burke tommyburke@ccpc.ie
- Peter Honer peterhoner@ccpc.ie
