Transaction details
The Competition Authority has cleared the proposed transaction whereby Mubadala Development Company PJSC (“Mubadala”) and Prudential Investment Management Inc. (trading as Pramerica Investment Management and Pramerica Real Estate Investors) (“PIM”), would create a 50:50 joint venture to be carried out by Mubadala-Pramerica Real Estate Investors (“M-P”).
| Economic sector | Media merger |
| The joint venture will be involved in the supply of investment products. | No |
Notification date: Wednesday, July 28, 2010
| Parties Involved | Business activities |
| Mubadala Development Company PJSC | Mubadala is active in the State through SR Technics Airfoil Services Limited who provide high and low pressure turbine engine component repair services for blades and vanes on specific types of large commercial airline engines. It is also active in the State through SR Technics Aircraft Design Services Limited who provide aircraft design engineering services. |
| Dunnes Stores (Limerick) Ltd | |
| Tenants at Sarsfield Shopping Centre | Pramerica Systems Ireland Limited is a wholly-owned subsidiary of Pramerica Financial. It provides software, technology skills and customer support services to Pramerica Financial. |
| Pramerica Investment Management | |
| Case Officer Assigned | Contact Details |
| 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 |
| Friday, August 6, 2010 |
|
Current status |
Completed |
Cleared (Phase 1) |
Decision date: Tuesday, August 24, 2010
