Mellon/AAMGSS [2007] IECompA m07042 (1 August 2007)

The proposed acquisition does not raise competition concerns and is not likely to substantially lessen competition in any relevant market.

Parties: Acquirer: Mellon Bank N. A.; Target: ABN AMRO Mellon Global Securities Services B. V.; Seller: ABN AMRO Bank N. V.
Jurisdiction: Ireland
Judgment Date: 01 August 2007
Procedural Posture: Merger Notification / Phase 1 Preliminary Investigation
Outcome: Cleared
Legal Topics: Merger Control, Acquisition of Sole Control, Financial Services Sector

Case Brief

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Mellon Bank N. A.

Acquirer

ABN AMRO Mellon Global Securities Services B. V.

Target

ABN AMRO Bank N. V.

Seller

Merger Notification / Phase 1 Preliminary Investigation

1 Whether the proposed acquisition by Mellon Bank N. A. of 50% of the issued share capital of ABN AMRO Mellon Global Securities Services B. V. from ABN AMRO Bank N. V. would substantially lessen competition in any market for goods or services in the State.

The proposed acquisition does not raise competition concerns and is not likely to substantially lessen competition in any relevant market.

Cleared

The proposed acquisition by Mellon Bank N. A. of 50% of the issued share capital of ABN AMRO Mellon Global Securities Services B. V. from ABN AMRO Bank N. V. is approved.