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
Legal Issues
- 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.
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