M/10/006 – BNY Mellon / GIS
Transaction details
The Competition Authority, on 22 March 2010, cleared theﾠproposed transaction whereby Bank of New York Mellon would acquire 100% of the shares of PNC Global Investment Servicing, Inc. from PNC Financial Services Group, Inc.ﾠ
| Notification date | Decision date |
|---|---|
| Friday February 26, 2010 | Monday, March 22, 2010 |
| Parties Involved | Business activities |
|---|---|
| The Bank of New York Mellon Corporation | BNY Mellon: is a global financial services provider engaged in asset management and wealth management services, issuer services, clearing services and treasury services. |
| PNC Global Investment Servicing, Inc. | GIS: provides custody, fund accounting, transfer agency and outsourcing solutions for asset managers and fund advisors both worldwide and in the State. |
| Economic sector | Media merger |
|---|---|
| The provision of fund administration and custody services worldwide and in the State. | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, March 11, 2010 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Mr. Andrew Rae | Tel: 01-804 5420, email:ar@tca.ie |
Media enquiries: MKC Communications: 01 7038600
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