Societe Generale / Pioneer Global [2006] IECompA m06020 (4 April 2006)

The proposed acquisition does not raise competition concerns and is compatible with competition law requirements. The transaction is cleared under Phase 1 review.

Parties: Acquirer: Societe Generale S.A.; Target: Pioneer Global Investment Limited
Jurisdiction: Ireland
Judgment Date: 04 April 2006
Procedural Posture: Merger Notification / Decision (phase 1 Clearance)
Outcome: Cleared (Phase 1)
Legal Topics: Merger Control, Acquisition, Financial Services Sector

Competition Law Merger Control Acquisition Financial Services Sector

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Parties

Societe Generale S.A.

Acquirer

Pioneer Global Investment Limited

Target

Procedural Posture

Merger Notification / Decision (phase 1 Clearance)

Legal Issues

1 Whether the proposed acquisition of the Transfer Agency Business of Pioneer Global Investment Limited by Societe Generale S.A. is compatible with competition law requirements in Ireland.

Ratio Decidendi

The proposed acquisition does not raise competition concerns and is compatible with competition law requirements. The transaction is cleared under Phase 1 review.

Court Disposition

Cleared (Phase 1)

Orders

The proposed acquisition is approved and may proceed.