State Street Corporation -with- Mourant Limited (Provision of Fund administration services and corporate administration services) [2009] IECompA M09026 (14 December 2009)

State Street Corporation -with- Mourant Limited (Provision of Fund administration services and corporate administration services) [2009] IECompA M09026 (14 December 2009)

The Competition Authority determined that the proposed acquisition would not substantially lessen competition in the provision of fund administration services and corporate administration services in Ireland and therefore cleared the transaction.

Citation
[2009] IECompA M09026
Parties
Acquirer: State Street Corporation; Target: Mourant Limited
Jurisdiction
Ireland
Judgment Date
14 December 2009
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
cleared
Legal Topics
Merger Control, Fund Administration Services, Corporate Administration Services

Case Brief

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Parties

State Street Corporation

Acquirer

Mourant Limited

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

  1. 1 Whether the proposed acquisition of certain subsidiaries of Mourant Limited by State Street Corporation would substantially lessen competition in the provision of fund administration services and corporate administration services in Ireland.

Ratio Decidendi

The Competition Authority determined that the proposed acquisition would not substantially lessen competition in the provision of fund administration services and corporate administration services in Ireland and therefore cleared the transaction.

Court Disposition

cleared

Orders

  • The proposed acquisition of certain subsidiaries of Mourant Limited by State Street Corporation is cleared.