Banca Intesa/ Sanpaolo [2006] IECompA m06077 (7 November 2006)
The Competition Authority determined that the proposed merger would not substantially lessen competition in any market for goods or services in the State.
- Parties
- Merging Party: Banca Intesa Spa; Merging Party: Sanpaolo IMI Spa; Interested Party: Pitney Bowes plc; Interested Party: Barclays Bank plc; Interested Party: An Post
- Jurisdiction
- Ireland
- Judgment Date
- 07 November 2006
- Procedural Posture
- Merger Notification / Phase 1 Clearance
- Outcome
- Cleared (Phase 1)
- Legal Topics
- Merger Control, Banking Sector Mergers
Case Brief
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Parties
Banca Intesa Spa
Merging Party
Sanpaolo IMI Spa
Merging Party
Pitney Bowes plc
Interested Party
Barclays Bank plc
Interested Party
An Post
Interested Party
Procedural Posture
Merger Notification / Phase 1 Clearance
Legal Issues
- 1 Whether the proposed merger of Banca Intesa Spa and Sanpaolo IMI Spa would substantially lessen competition in the relevant markets.
Ratio Decidendi
The Competition Authority determined that the proposed merger would not substantially lessen competition in any market for goods or services in the State.
Court Disposition
Cleared (Phase 1)
Orders
- The proposed merger of Banca Intesa Spa and Sanpaolo IMI Spa is cleared unconditionally.
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