M/21/046 – Bank of Ireland/Davy (Wealth Management and Capital Markets)

Page Attachments

M.21.046 Merger Announcement
M.21.046 Determination PUBLIC

Transaction details

The proposed acquisition by Bank of Ireland Nominee 1 of Amber Note Unlimited Company (the wealth management and capital markets divisions of Davy) has been cleared by the Competition and Consumer Protection Commission.

Notification date	Decision date
Friday August 20, 2021	Monday, December 6, 2021

Parties Involved	Business activities
Bank of Ireland Nominee 1 Limited	Bank of Ireland Nominee 1 Limited is an Irish incorporated wholly owned subsidiary of The Governor and Company of the Bank of Ireland ("Bank of Ireland"). Bank of Ireland is a financial services group providing a broad range of banking and other financial services with offices in the State, the United Kingdom, the United States of America, Germany, France and Spain.
Amber Note Unlimited Company	Amber Note Unlimited Company (the wealth management and capital markets divisions of Davy) operates offices at six locations in the State, the UK and Luxembourg, with its head office in Dublin. The Target holds regulatory licences for each jurisdiction in which it operates. Davy provides wealth management services to customers such as business owners, professionals, executives, retirees, corporate and institutional entities and financial advisory services. Davy provides capital markets services in the State and, to a lesser extent, in the UK (in London).

Parties Involved

Business activities

Bank of Ireland Nominee 1 Limited

Bank of Ireland Nominee 1 Limited is an Irish incorporated wholly owned subsidiary of The Governor and Company of the Bank of Ireland ("Bank of Ireland").
Bank of Ireland is a financial services group providing a broad range of banking and other financial services with offices in the State, the United Kingdom, the United States of America, Germany, France and Spain.

Amber Note Unlimited Company

Amber Note Unlimited Company (the wealth management and capital markets divisions of Davy) operates offices at six locations in the State, the UK and Luxembourg, with its head office in Dublin. The Target holds regulatory licences for each jurisdiction in which it operates.
Davy provides wealth management services to customers such as business owners, professionals, executives, retirees, corporate and institutional entities and financial advisory services. Davy provides capital markets services in the State and, to a lesser extent, in the UK (in London).

Economic sector	Media merger
Financial and Insurance Services	No

Submissions from third parties due by:
Phase 1	Phase 2
Friday, September 3, 2021

Current status: Completed
Cleared (Phase 1)

Authorised Officer Assigned	Contact Details
Lucy Roche	Email: lucyroche@ccpc.ie Tel: 087 3745833

Media enquiries: communications@ccpc.ie

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M/21/046 – Bank of Ireland/Davy (Wealth Management and Capital Markets)

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