NOVA EuroConex _ EuroConex Technologies (Card payment and currency payment processing services) [2004] IECompA M04034 (28 May 2004)

NOVA EuroConex _ EuroConex Technologies (Card payment and currency payment processing services) [2004] IECompA M04034 (28 May 2004)

The proposed acquisition does not raise competition concerns and is cleared under Phase 1 investigation.

Citation
[2004] IECompA M04034
Parties
Acquirer: NOVA EuroConex Holdings B.V.; Seller: Bank of Ireland; Target: EuroConex Technologies Limited
Jurisdiction
Ireland
Judgment Date
28 May 2004
Procedural Posture
Merger Notification / Preliminary Investigation (phase 1)
Outcome
Cleared
Legal Topics
Merger Control, Card Payment Processing, Currency Payment Processing
Competition Law Merger Control Card Payment Processing Currency Payment Processing

Case Brief

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Parties

NOVA EuroConex Holdings B.V.

Acquirer

Bank of Ireland

Seller

EuroConex Technologies Limited

Target

Procedural Posture

Merger Notification / Preliminary Investigation (phase 1)

Legal Issues

  1. 1 Whether the proposed acquisition would substantially lessen competition in the card payment and currency payment processing sector.

Ratio Decidendi

The proposed acquisition does not raise competition concerns and is cleared under Phase 1 investigation.

Court Disposition

Cleared

Orders

  • The proposed acquisition is approved.