Topaz / Statoil Ireland [2006] IECompA m06044 (12 July 2006)

Topaz / Statoil Ireland [2006] IECompA m06044 (12 July 2006)

The Competition Authority found that the proposed acquisition would not substantially lessen competition in the relevant market and cleared the transaction.

Parties
Acquirer: Topaz Energy Group Limited; Target: Statoil Ireland Limited
Jurisdiction
Ireland
Judgment Date
12 July 2006
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Oil and Petroleum Sector
Competition Law Merger Control Oil and Petroleum Sector

Case Brief

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Parties

Topaz Energy Group Limited

Acquirer

Statoil Ireland Limited

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition would substantially lessen competition in the importation, storage, and supply of oil and petroleum products in Ireland

Ratio Decidendi

The Competition Authority found that the proposed acquisition would not substantially lessen competition in the relevant market and cleared the transaction.

Court Disposition

Cleared

Orders

  • The proposed acquisition by Topaz Energy Group Limited of Statoil Ireland Limited is approved.