EBS/ Britannia [2007] IECompA m07039 (30 July 2007)

EBS/ Britannia [2007] IECompA m07039 (30 July 2007)

The proposed joint venture does not raise competition concerns and is cleared under Phase 1 review.

Parties
Party: EBS Building Society; Party: Britannia Building Society
Jurisdiction
Ireland
Judgment Date
30 July 2007
Procedural Posture
Merger Notification / Decision (phase 1 Clearance)
Outcome
Cleared (Phase 1)
Legal Topics
Merger Control, Joint Venture, Financial Services
Competition Law Merger Control Joint Venture Financial Services

Case Brief

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Parties

EBS Building Society

Party

Britannia Building Society

Party

Procedural Posture

Merger Notification / Decision (phase 1 Clearance)

Legal Issues

  1. 1 Whether the proposed joint venture between EBS Building Society and Britannia Building Society for a new intermediary mortgage lender in Ireland raises competition concerns.

Ratio Decidendi

The proposed joint venture does not raise competition concerns and is cleared under Phase 1 review.

Court Disposition

Cleared (Phase 1)

Orders

  • The proposed joint venture between EBS Building Society and Britannia Building Society is approved without conditions.