M/16/053 - Anchorage Capital/Eircom [2016] IECompA m16053 (11 November 2016)

The Competition and Consumer Protection Commission found that the proposed acquisition would not substantially lessen competition in the relevant markets and therefore cleared the transaction.

Parties: Acquirer: Anchorage Capital Group L.L.C.; Target: Eircom Holdco S.A.
Jurisdiction: Ireland
Judgment Date: 11 November 2016
Procedural Posture: Merger Notification / Decision (phase 1 Clearance)
Outcome: cleared
Legal Topics: Acquisition of Sole Control, Media Merger, Electronic Communications

Competition Law Merger Control Acquisition of Sole Control Media Merger Electronic Communications

Case Brief

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Parties

Anchorage Capital Group L.L.C.

Acquirer

Eircom Holdco S.A.

Target

Procedural Posture

Merger Notification / Decision (phase 1 Clearance)

Legal Issues

1 Whether the proposed acquisition by Anchorage Capital Group L.L.C. of sole control of Eircom Holdco S.A. raises competition concerns

Ratio Decidendi

The Competition and Consumer Protection Commission found that the proposed acquisition would not substantially lessen competition in the relevant markets and therefore cleared the transaction.

Court Disposition

cleared

Orders

Acquisition by Anchorage Capital Group L.L.C. of sole control of Eircom Holdco S.A. is approved