BlackRock / CS ETF Business [2013] IECompA m13001 (8 February 2013)

BlackRock / CS ETF Business [2013] IECompA m13001 (8 February 2013)

The Competition Authority found that the proposed acquisition would not substantially lessen competition in the relevant markets and therefore cleared the transaction.

Parties
Acquirer: BlackRock, Inc.; Target: Credit Suisse AG (on behalf of CS ETF Business)
Jurisdiction
Ireland
Judgment Date
08 February 2013
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Asset Management, Exchange Traded Funds
Competition Law Merger Control Asset Management Exchange Traded Funds

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Parties

BlackRock, Inc.

Acquirer

Credit Suisse AG (on behalf of CS ETF Business)

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of CS ETF Business by BlackRock, Inc. would substantially lessen competition in the relevant markets

Ratio Decidendi

The Competition Authority found that the proposed acquisition would not substantially lessen competition in the relevant markets and therefore cleared the transaction.

Court Disposition

Cleared

Orders

  • The proposed acquisition of CS ETF Business by BlackRock, Inc. is approved.