Citigroup/Facey [2008] IECompA m08002 (31 January 2008)

Citigroup/Facey [2008] IECompA m08002 (31 January 2008)

The Competition Authority found that the proposed acquisition would not substantially lessen competition in any market for goods or services in Ireland.

Parties
Acquirer: Citigroup Financial Products Inc.; Target: Facey Commodity Company Limited
Jurisdiction
Ireland
Judgment Date
31 January 2008
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Media Merger, Value Added Distribution
Competition Law Merger Control Media Merger Value Added Distribution

Case Brief

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Parties

Citigroup Financial Products Inc.

Acquirer

Facey Commodity Company Limited

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of 36.3% of Facey Commodity Company Limited by Citigroup Financial Products Inc. would substantially lessen competition in any market in Ireland.

Ratio Decidendi

The Competition Authority found that the proposed acquisition would not substantially lessen competition in any market for goods or services in Ireland.

Court Disposition

Cleared

Orders

  • The proposed acquisition is approved without conditions.