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PTSB/Certain Assets of Ulster Bank

M/21/076

Completed

Transaction details

The proposed acquisition of certain assets of Ulster Bank Ireland DAC by Permanent TSB plc has been cleared by the Competition and Consumer Protection Commission.
Case details
  • Notification date:22 December 2021
  • Publication date:22 December 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.21.076 Merger AnnouncementPDF | 132 KB
M.21.076 Phase 1 DeterminationPDF | 233 KB
M.21.076 Phase 2 DeterminationPDF | 1641 KB
Timetable

Phase One

  • Wednesday, 22 December, 2021 Notification received
  • Tuesday, 4 January, 2022 Third party submission deadline
  • Monday, 31 January, 2022 Further information required
  • Monday, 28 March, 2022 Further information received
  • Monday, 9 May, 2022 Withdrawn date

Phase Two

  • Monday, 30 May, 2022Phase 2 begins
  • Monday, 30 May, 2022 Third party submission deadline
  • Thursday, 26 May, 2022 Further information required
  • Monday, 20 June, 2022 Further information received
  • Monday, 23 May, 2022 Proposals received
  • Thursday, 21 July, 2022Phase 2 determination issued
Parties Involved

Permanent TSB plc

Permanent TSB plc is a provider of retail and small and medium sized enterprises banking in the State, offering a range of banking products such as business and personal current accounts, overdrafts, mortgages, business and personal loans, credit cards and home insurance.

Ulster Bank Ireland DAC

Ulster Bank Ireland DAC is a full service retail and commercial bank providing a range of financial services in the State. Ulster Bank Ireland DAC is a wholly-owned subsidiary of NatWest Group plc.
Contacts
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