Investec/ Kensington [2007] IECompA m07035 (28 June 2007)

Investec/ Kensington [2007] IECompA m07035 (28 June 2007)

The Competition Authority found that the proposed acquisition would not substantially lessen competition in the relevant market and cleared the merger in Phase 1.

Parties
Acquirer: Investec plc; Target: Kensington Group plc
Jurisdiction
Ireland
Judgment Date
28 June 2007
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
merger cleared
Legal Topics
Merger Control, Residential Mortgages

Case Brief

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Parties

Investec plc

Acquirer

Kensington Group plc

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

  1. 1 Whether the proposed acquisition would substantially lessen competition in the residential mortgages sector

Ratio Decidendi

The Competition Authority found that the proposed acquisition would not substantially lessen competition in the relevant market and cleared the merger in Phase 1.

Court Disposition

merger cleared

Orders

  • The proposed acquisition by Investec plc of Kensington Group plc is approved.