MUTB / FGL Lux [2013] IECompA m13020 (8 July 2013)

MUTB / FGL Lux [2013] IECompA m13020 (8 July 2013)

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

Parties
Acquirer: Mitsubishi UFJ Trust and Banking Corporation; Target: FGL Lux Holdings, S.à.r.l.
Jurisdiction
Ireland
Judgment Date
08 July 2013
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Media Merger, Hedge Fund Administration
Competition Law Merger Control Media Merger Hedge Fund Administration

Case Brief

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Parties

Mitsubishi UFJ Trust and Banking Corporation

Acquirer

FGL Lux Holdings, S.à.r.l.

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of FGL Lux by MUTB raises competition concerns 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 of FGL Lux Holdings, S.à.r.l. by Mitsubishi UFJ Trust and Banking Corporation is cleared unconditionally.