Standard Life / Ignis [2014] IECompA m14014 (17 April 2014)

Standard Life / Ignis [2014] IECompA m14014 (17 April 2014)

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

Parties
Acquirer: Standard Life Investments (Holdings) Limited; Target: Ignis Asset Management Limited
Jurisdiction
Ireland
Judgment Date
17 April 2014
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Asset Management Services
Competition Law Merger Control Asset Management Services

Case Brief

Summary, issues, holding and outcome

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Parties

Standard Life Investments (Holdings) Limited

Acquirer

Ignis Asset Management Limited

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of Ignis Asset Management Limited by Standard Life Investments (Holdings) Limited would substantially lessen competition in the provision of asset management services.

Ratio Decidendi

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

Court Disposition

Cleared

Orders

  • The proposed acquisition by Standard Life Investments (Holdings) Limited of the entire issued share capital of Ignis Asset Management Limited is cleared.