ILHAWK/Ark Life
Transaction details
The proposed acquisition by ILHAWK Limited, a wholly owned subsidiary of Irish Life Group Limited, of the sole control of Ark Life Assurance Company DAC has been cleared by the Competition and Consumer Protection Commission.
Case details
- Notification date:17 August 2021
- Publication date:17 August 2021
- Economic sector:Financial and insurance services - L
- Economic sub-sector:Financial and insurance support - L.66
- Outcome:Cleared
Documents
M.21.045 Merger AnnouncementPDF | 244 KBM.21.045 Merger Announcement PDF | 244 KB - Opens in new window
M.21.045 DeterminationPDF | 322 KBM.21.045 Determination PDF | 322 KB - Opens in new window
Timetable
Parties Involved
ILHAWK
ILHAWK Limited is a wholly owned subsidiary of Irish Life Group Limited (“ILGL”), which in turn is an indirect subsidiary of Great-West Lifeco Inc, which is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance business.
Ark Life
Ark Life Assurance Company DAC manages a number of life insurance policies in the State.
Contacts
- Tiernan Shaw tiernanshaw@ccpc.ie
- Cathal Hanley cathalhanley@ccpc.ie
