Lloyds TSB / HBOS [2008] IECompA m08036 (21 November 2008)
The proposed acquisition does not raise competition concerns in Ireland due to the limited overlap and presence of the parties in the Irish market.
- Parties
- Acquirer: Lloyds TSB Group plc; Target: HBOS plc
- Jurisdiction
- Ireland
- Judgment Date
- 21 November 2008
- Procedural Posture
- Merger Notification / Phase 1 Preliminary Investigation
- Outcome
- Cleared
- Legal Topics
- Merger Control, Banking Sector Mergers
Case Brief
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Parties
Lloyds TSB Group plc
Acquirer
HBOS plc
Target
Procedural Posture
Merger Notification / Phase 1 Preliminary Investigation
Legal Issues
- 1 Whether the proposed acquisition of HBOS plc by Lloyds TSB Group plc raises competition concerns under Irish competition law
Ratio Decidendi
The proposed acquisition does not raise competition concerns in Ireland due to the limited overlap and presence of the parties in the Irish market.
Court Disposition
Cleared
Orders
- The proposed acquisition is approved without conditions.
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