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.
| Economic sector | Media merger |
| The insurance sector | No |
Notification date: Wednesday, February 4, 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. |
| 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 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. |
| Case Officer Assigned | Contact Details |
| Joseph Walser | Tel: 01-470 3678, e-mail: josephwalser@ccpc.ie |
| Tel: 01-470 3678, e-mail: josephwalser@ccpc.ie |
The deadline for any third parties who wish to make submissions regarding the competition aspects of this merger is:
| Phase 1 |
| Monday, February 16, 2015 |
|
Current status |
Completed |
Cleared (Phase 1) |
Decision date: Friday, March 13, 2015
