SGVHT / Naspa Dublin [2009] IECompA m09001 (13 January 2009)

SGVHT / Naspa Dublin [2009] IECompA m09001 (13 January 2009)

The proposed acquisition does not raise competition concerns in Ireland as the activities of the parties do not overlap in a manner that would affect competition in any relevant market.

Parties
Acquirer: Sparkassen und Giroverband Hessen-Thuringen (SGVHT); Target: Naspa Dublin
Jurisdiction
Ireland
Judgment Date
13 January 2009
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Sole Control Acquisition, Financial Services Sector
Competition Law Merger Control Sole Control Acquisition Financial Services Sector

Case Brief

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Parties

Sparkassen und Giroverband Hessen-Thuringen (SGVHT)

Acquirer

Naspa Dublin

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of sole control by SGVHT over Naspa Dublin raises competition concerns in Ireland

Ratio Decidendi

The proposed acquisition does not raise competition concerns in Ireland as the activities of the parties do not overlap in a manner that would affect competition in any relevant market.

Court Disposition

Cleared

Orders

  • The proposed acquisition by SGVHT of sole control of Naspa Dublin is approved without conditions.