Phoenix / SunLife and Embassy merger inquiry

The CMA investigated the completed acquisition by Phoenix Group Holdings of SunLife and Embassy businesses (currently owned by AXA UK plc).

• From: Competition and Markets Authority
• Published: 4 July 2016
• Last updated: 31 August 2016 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Financial services
• Outcome: Mergers - phase 1 clearance
• Opened: 4 July 2016
• Closed: 31 August 2016

Statutory timetable

Phase 1 date	Action
31 August 2016	Decision published
2 August 2016	Decision announced
4 July to 18 July 2016	Invitation to comment
4 July 2016	Launch of merger inquiry

Phase 1

CMA clearance decision

2 August 2016: The CMA has cleared the completed acquisition by Phoenix Group Holdings of SunLife and Embassy businesses (currently owned by AXA UK plc). The full text of the decision is available below.

• Full text decision (31.8.16)

Invitation to comment: Now closed

4 July 2016: The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of merger inquiry

4 July 2016: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement of initial period notice (4.7.16)

Contact

Please send written representations about any competition issues to:

Nathalie Lobel-Lastmann
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

[email protected]

Published 4 July 2016
Last updated 31 August 2016 + show all updates

1. 31 August 2016

   Full text of the decision published.

2. 2 August 2016

   Clearance decision announced.

3. 4 July 2016

   First published.