Royal London/ Resolution [2007] IECompA m07065 (13 December 2007)

Royal London/ Resolution [2007] IECompA m07065 (13 December 2007)

The Competition Authority found that the proposed acquisition would not substantially lessen competition in the provision of life insurance, pensions, and investment products in Ireland and therefore cleared the transaction under Phase 1 review.

Parties
Acquirer: The Royal London Mutual Insurance Society Limited; Target: Resolution plc
Jurisdiction
Ireland
Judgment Date
13 December 2007
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Insurance Sector, Asset Acquisition
Competition Law Merger Control Insurance Sector Asset Acquisition

Case Brief

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Parties

The Royal London Mutual Insurance Society Limited

Acquirer

Resolution plc

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of certain assets of Resolution plc by The Royal London Mutual Insurance Society Limited would substantially lessen competition in the provision of life insurance, pensions and investment products in Ireland.

Ratio Decidendi

The Competition Authority found that the proposed acquisition would not substantially lessen competition in the provision of life insurance, pensions, and investment products in Ireland and therefore cleared the transaction under Phase 1 review.

Court Disposition

Cleared

Orders

  • The proposed acquisition by The Royal London Mutual Insurance Society Limited of certain assets of Resolution plc is cleared unconditionally.