Watchdog finds AIB deal to buy €6bn of Ulster Bank mortgages won’t damage competition

The state’s competition watchdog has cleared AIB’s proposed acquisition of nearly €6 billion worth of Ulster Bank tracker mortgages, as the Natwest-owned lender exits the Irish market.

The Competition and Consumer Protection Watchdog this morning confirmed that its stage one investigation into the acquisition was complete, and had determined that the deal would not substantially lessen competition in the Irish market.

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