LL / TPDL / FIL & FreshMills / Drummonds [2009] IECompA m09010 (21 May 2009)
The proposed joint venture and acquisition do not raise competition concerns and are cleared unconditionally at Phase 1.
- Parties
- Notifying Party: Labtop Limited; Notifying Party: Tipperary Property Development Limited; Notifying Party: Freshgrass Investments Limited; Acquirer: FreshMills Holdings Limited; Target: Drummonds Limited; Seller: Food Industries Limited
- Jurisdiction
- Ireland
- Judgment Date
- 21 May 2009
- Procedural Posture
- Merger Notification / Phase 1 Clearance
- Outcome
- Cleared (Phase 1)
- Legal Topics
- Merger Control, Joint Venture, Acquisition, Agri Business, Fertiliser Industry
Case Brief
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Parties
Labtop Limited
Notifying Party
Tipperary Property Development Limited
Notifying Party
Freshgrass Investments Limited
Notifying Party
FreshMills Holdings Limited
Acquirer
Drummonds Limited
Target
Food Industries Limited
Seller
Procedural Posture
Merger Notification / Phase 1 Clearance
Legal Issues
- 1 Whether the proposed joint venture and subsequent acquisition would substantially lessen competition in the relevant markets.
Ratio Decidendi
The proposed joint venture and acquisition do not raise competition concerns and are cleared unconditionally at Phase 1.
Court Disposition
Cleared (Phase 1)
Orders
- The transaction is approved without conditions.
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