Irish Life Assurance / Royal London Mutual Insurance Society | Competition and Consumer Protection Commission [2015] IECompA m15032 (3 July 2015)

Irish Life Assurance / Royal London Mutual Insurance Society | Competition and Consumer Protection Commission [2015] IECompA m15032 (3 July 2015)

The Commission found no competition concerns arising from the proposed acquisition and cleared the transaction in Phase 1.

Parties
Acquirer: Irish Life Assurance; Seller: Royal London Mutual Insurance Society Limited
Jurisdiction
Ireland
Judgment Date
03 July 2015
Procedural Posture
Merger Clearance / Phase 1
Outcome
cleared
Legal Topics
Merger Control, Property Portfolio Acquisition

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Parties

Irish Life Assurance

Acquirer

Royal London Mutual Insurance Society Limited

Seller

Procedural Posture

Merger Clearance / Phase 1

  1. 1 Whether the acquisition of 17 property portfolios by Irish Life Assurance from Royal London Mutual Insurance Society raises competition concerns

Ratio Decidendi

The Commission found no competition concerns arising from the proposed acquisition and cleared the transaction in Phase 1.

Court Disposition

cleared

Orders

  • The proposed acquisition is cleared under Phase 1.