LBBW/ Sachsen LB [2007] IECompA m07049 (30 August 2007)

LBBW/ Sachsen LB [2007] IECompA m07049 (30 August 2007)

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

Parties
Acquirer: Landesbank Baden-Württemberg; Target: Landesbank Sachsen Girozentrale
Jurisdiction
Ireland
Judgment Date
30 August 2007
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
merger cleared
Legal Topics
Merger Control, Banking Sector
Competition Law Merger Control Banking Sector

Case Brief

Summary, issues, holding and outcome

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Parties

Landesbank Baden-Württemberg

Acquirer

Landesbank Sachsen Girozentrale

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of control of Landesbank Sachsen Girozentrale by Landesbank Baden-Württemberg raises competition concerns in the wholesale banking sector.

Ratio Decidendi

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

Court Disposition

merger cleared

Orders

  • The proposed acquisition is approved without conditions.