Transaction details
The proposed acquisition of Credit Suisse's exchange traded fund business by BlackRock, Inc. has been cleared by the Competition Authority.
| Economic sector | Media merger |
| Asset management | No |
Notification date: Friday, February 8, 2013
| Parties Involved | Business activities |
| Navenby Limited | |
| Messrs. Gracie and Fearnley | BlackRock is active in the provision of global investment management, risk management and advisory services to institutional and retail clients around the world. |
| BlackRock, Inc. | In Ireland, CS ETF Business offers 46 ETF products covering a wide variety of equity, fixed income and money market indices in developed and emerging markets. |
| Credit Suisse AG (on behalf of CS ETF Business) | |
| Case Officer Assigned | Contact Details |
| Elaine Cahill | Tel: 01-804 5482, email: ec@tca.ie |
The deadline for any third parties who wish to make submissions regarding the competition aspects of this merger is:
| Phase 1 |
| Monday, February 18, 2013 |
|
Current status |
Completed |
Cleared (Phase 1) |
Decision date: Thursday, May 9, 2013
