Citigroup/ BISYS [2007] IECompA m07028 (31 May 2007)
The Competition Authority determined that the proposed acquisition would not substantially lessen competition in the provision of fund services in Ireland.
- Parties
- Acquirer: Citibank N.A.; Target: Bisys Group, Inc.
- Jurisdiction
- Ireland
- Judgment Date
- 31 May 2007
- Procedural Posture
- Merger Notification / Phase 1 Preliminary Investigation
- Outcome
- approved
- Legal Topics
- Merger Control, Financial Services, Fund Administration
Case Brief
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Parties
Citibank N.A.
Acquirer
Bisys Group, Inc.
Target
Procedural Posture
Merger Notification / Phase 1 Preliminary Investigation
Legal Issues
- 1 Whether the proposed acquisition of Bisys Group, Inc. by Citibank N.A. would substantially lessen competition in the provision of fund services in Ireland.
Ratio Decidendi
The Competition Authority determined that the proposed acquisition would not substantially lessen competition in the provision of fund services in Ireland.
Court Disposition
approved
Orders
- The proposed acquisition of Bisys Group, Inc. by Citibank N.A. is approved.
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