M/21/076 – PTSB/Certain Assets of Ulster Bank
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.
| Notification date | Decision date |
|---|---|
| Wednesday December 22, 2021 | Thursday, July 21, 2022 |
| Parties Involved | Business activities |
|---|---|
| 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. |
| Economic sector | Media merger |
|---|---|
| Financial and Insurance Services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Tuesday, January 4, 2022 | Monday, May 30, 2022 |
| Date of Requirement for Information | Date Information Received |
|---|---|
| Monday, January 31, 2022 | Monday, March 28, 2022 |
| Current status: Completed |
|---|
| Cleared (Phase 2) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Craig Whelan | craigwhelan@ccpc.ie |
| Eilís McDonnell | eilismcdonnell@ccpc.ie |
Media enquiries: communications@ccpc.ie
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