Aviva / Gresham Insurance / Barclays [2005] IECompA m05013 (4 April 2005)
The proposed acquisition does not raise competition concerns and is cleared under Irish competition law.
- Parties
- Acquirer: CGU International Insurance plc; Target: Gresham Insurance; Seller: Barclays Bank plc
- Jurisdiction
- Ireland
- Judgment Date
- 04 April 2005
- Procedural Posture
- Merger Notification / Phase 1 Review
- Outcome
- Cleared
- Legal Topics
- Merger Control, Insurance Sector
Case Brief
Summary, issues, holding and outcome
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Parties
CGU International Insurance plc
Acquirer
Gresham Insurance
Target
Barclays Bank plc
Seller
Procedural Posture
Merger Notification / Phase 1 Review
Legal Issues
- 1 Whether the proposed acquisition of Gresham Insurance by CGU International Insurance plc from Barclays Bank plc would substantially lessen competition in the relevant market
Ratio Decidendi
The proposed acquisition does not raise competition concerns and is cleared under Irish competition law.
Court Disposition
Cleared
Orders
- The proposed acquisition is approved and may proceed.
Full Case Text
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