Resolution / Abbey National [2006] IECompA m06041 (6 July 2006)
The Competition Authority found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State.
- Parties
- Acquirer: Resolution plc; Target: Abbey National
- Jurisdiction
- Ireland
- Judgment Date
- 06 July 2006
- Procedural Posture
- Merger Notification / Phase 1 Clearance
- Outcome
- Cleared
- Legal Topics
- Merger Control, Life Insurance Sector
Case Brief
Summary, issues, holding and outcome
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Parties
Resolution plc
Acquirer
Abbey National
Target
Procedural Posture
Merger Notification / Phase 1 Clearance
Legal Issues
- 1 Whether the proposed acquisition of Abbey National Life Business by Resolution plc would substantially lessen competition in the relevant market
Ratio Decidendi
The Competition Authority found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State.
Court Disposition
Cleared
Orders
- The proposed acquisition is approved without conditions.
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