M/18/035 – Irish Life/Invesco
Transaction details
The proposed acquisition by Irish Life Group Limited of sole control of Invesco Limited, has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Tuesday May 8, 2018 | Friday, June 15, 2018 |
| Parties Involved | Business activities |
|---|---|
| Irish Life Group Limited | Irish Life Group Limited is a wholly owned indirect subsidiary of Great-West Lifeco, which is an international financial services company. Irish Life Group Limited is active in fund management services, third party life and pensions administration business. Irish Life Group Limited is also a provider of financial advice, a distributor/broker of financial and insurance products, a life insurer and a provider of pension schemes. |
| Invesco Limited | Invesco Limited is a provider of pension and investments consultancy in the State. Invesco provides retirement benefit consulting and pension administration services. Invesco is also a distributor of life insurance and investment products. |
| Economic sector | Media merger |
|---|---|
| Financial and insurance Services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Monday, May 21, 2018 | |
| Current status: Completed |
|---|
| Preliminary investigation (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Cathal Hanley | Tel:(00353) 1 4703681 |
Media enquiries: communications@ccpc.ie
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