General Electric -with- IFG Group (Financial Services) [2003] IECompA M03037 (05 December 2003)
The transaction does not raise competition concerns and is cleared under Phase 1 review.
- Citation
- [2003] IECompA M03037
- Parties
- Acquirer: GE Capital Woodchester Limited; Seller: IFG Group Plc; Target: IFG Investment and Mortgage Services Limited; Target: IFG Mortgage and Assurance Services Limited
- Jurisdiction
- Ireland
- Judgment Date
- 05 December 2003
- Procedural Posture
- Merger Notification / Phase 1 Clearance
- Outcome
- Cleared
- Legal Topics
- Merger Control, Financial Services Sector
Case Brief
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Parties
GE Capital Woodchester Limited
Acquirer
IFG Group Plc
Seller
IFG Investment and Mortgage Services Limited
Target
IFG Mortgage and Assurance Services Limited
Target
Procedural Posture
Merger Notification / Phase 1 Clearance
Legal Issues
- 1 Whether the proposed acquisition would substantially lessen competition in the relevant market
Ratio Decidendi
The transaction does not raise competition concerns and is cleared under Phase 1 review.
Court Disposition
Cleared
Orders
- The proposed acquisition is approved and may proceed.
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