M/15/005 – AIG / Avondhu (Laya Healthcare)
Transaction details
The proposed acquisition by American International Group Inc., through a wholly-owned indirect subsidiary, AIG Europe Holdings Limited, of the entire issued share capital of Avondhu Limited and thus sole control of its subsidiaries, Laya Healthcare Limited and Laya Sevices Limited, has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Wednesday February 4, 2015 | Friday, March 13, 2015 |
| Parties Involved | Business activities |
|---|---|
| AIG Inc | AIG is an international insurance corporation which specialises in the provision of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to business and non-business customers in more than 130 countries. |
| Avondhu Limited | Avondhu Limited is a holding company for 100% of the share capital of Laya Healthcare Limited. Laya Healthcare provides a range of insurance products in the Irish market. |
| Economic sector | Media merger |
|---|---|
| The insurance sector | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Monday, February 16, 2015 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Joseph Walser | Tel: 01-470 3678, e-mail: josephwalser@ccpc.ie |
Media enquiries: MKC Communications: 01 7038600
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