Barclays -with- Total Fitness (The operation of health and fitness clubs in the State) [2010] IECompA M10036 (12 October 2010)

Barclays -with- Total Fitness (The operation of health and fitness clubs in the State) [2010] IECompA M10036 (12 October 2010)

The Competition Authority found that the proposed acquisition would not substantially lessen competition in the operation of health and fitness clubs in the State and therefore cleared the transaction.

Citation
[2010] IECompA M10036
Parties
Acquirer: Barclays Bank PLC; Target: Total Fitness (UK) Limited (in Administration); Target: Total Fitness Holdings (Ireland) Limited; Seller: Total Fitness Group
Jurisdiction
Ireland
Judgment Date
12 October 2010
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Acquisition of Control, Health and Fitness Sector
Competition Law Merger Control Acquisition of Control Health and Fitness Sector

Case Brief

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Parties

Barclays Bank PLC

Acquirer

Total Fitness (UK) Limited (in Administration)

Target

Total Fitness Holdings (Ireland) Limited

Target

Total Fitness Group

Seller

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition by Barclays Bank PLC of Total Fitness (UK) Limited and Total Fitness Holdings (Ireland) Limited would substantially lessen competition in the operation of health and fitness clubs in the State.

Ratio Decidendi

The Competition Authority found that the proposed acquisition would not substantially lessen competition in the operation of health and fitness clubs in the State and therefore cleared the transaction.

Court Disposition

Cleared

Orders

  • The proposed acquisition by Barclays Bank PLC of sole control of the business and assets of Total Fitness (UK) Limited (in Administration) and Total Fitness Holdings (Ireland) Limited is approved.