Transaction details
The Competition Authority, on 22 March 2010, cleared the proposed transaction whereby Bank of New York Mellon would acquire 100% of the shares of PNC Global Investment Servicing, Inc. from PNC Financial Services Group, Inc.
| Economic sector | Media merger |
| The provision of fund administration and custody services worldwide and in the State. | No |
Notification date: Friday, February 26, 2010
| Parties Involved | Business activities |
| Superquinn | |
| Tenants of Superquinn Ballinteer Centre | BNY Mellon: is a global financial services provider engaged in asset management and wealth management services, issuer services, clearing services and treasury services. |
| The Bank of New York Mellon Corporation | GIS: provides custody, fund accounting, transfer agency and outsourcing solutions for asset managers and fund advisors both worldwide and in the State. |
| PNC Global Investment Servicing, Inc. | |
| Case Officer Assigned | Contact Details |
| Mr. Andrew Rae | Tel: 01-804 5420, email:ar@tca.ie |
The deadline for any third parties who wish to make submissions regarding the competition aspects of this merger is:
| Phase 1 |
| Thursday, March 11, 2010 |
|
Current status |
Completed |
Cleared (Phase 1) |
Decision date: Monday, March 22, 2010
