M/23/042 – Man Group/ Fideuram/ Asteria
Transaction details
The proposed acquisition by Man Group Holdings Limited and Fideuram – Intesa Sanpaolo Private Banking S.p.A. of joint control of Asteria Obviam SA has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Monday August 21, 2023 | Thursday, September 7, 2023 |
| Parties Involved | Business activities |
|---|---|
| Man Group Holdings Limited | Man Group Holdings Limited is a holding company incorporated in the United Kingdom and a wholly owned subsidiary of Man Group plc. Man Group plc an active investment management firm listed on the London Stock Exchange and is active in the provision of asset management services in the State. |
| Fideuram – Intesa Sanpaolo Private Banking S.p.A. | Fideuram – Intesa Sanpaolo Private Banking S.p.A. is a private bank in Italy and a wholly owned subsidiary of Intesa Sanpaolo S.p.A. In the State, Fideuram – Intesa Sanpaolo Private Banking S.p.A. is active in advisory services involving market analysis, product management and investment advisory in relation to the management and investment of funds on behalf of its clients focused on the bond market, equity market, quantitative technical models and pension funds. |
| Asteria Obviam SA | Asteria Obviam SA is an impact investment management firm based in Switzerland. |
| Economic sector | Media merger |
|---|---|
| Financial and Insurance Services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Monday, September 4, 2023 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Eilís McDonnell | eilismcdonnell@ccpc.ie |
Media enquiries: communications@ccpc.ie
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