M/13/023 – RBSPTL / UTA / PHOENIX
Transaction details
The proposed acquisition of Phoenix Natural Gas Limited (Phoenix) by RBS Pension Trustee Limited (RBSPTL) and Utilities Trust of Australia (UTA) has been cleared by the Competition Authority.
| Notification date | Decision date |
|---|---|
| Tuesday August 13, 2013 | Friday, August 30, 2013 |
| Parties Involved | Business activities |
|---|---|
| RBS Pension Trustee Limited | RBSPTL is the corporate trustee of the Royal Bank of Scotland Group Pension Fund (RBSGPF) which is UK Pension scheme. RBSPTL is ultimately controlled by the Royal Bank of Scotland Group plc (RBS). RBS is a UK-based banking and financial services company. |
| Utilities Trust of Australia | UTA is an open-ended unit trust seeking to provide institutional investors with consistent returns by taking influential positions in global infrastructure projects. |
| Phoenix Natural Gas Limited | Phoenix is a natural gas distribution and gas service business in Northern Ireland only. |
| Economic sector | Media merger |
|---|---|
| The distribution of natural gas. | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Monday, August 19, 2013 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Elaine Cahill | Tel: 01-804 5482, email: ec@tca.ie |
Media enquiries: MKC Communications: 01 7038600
Haven’t found what you’re looking for?
Competition and Consumer Protection Commission
PO Box 12585, Dublin 1, D01 C576
Tel +353 (0)1 402 5500
Consumer helpline 01 402 5555