Topaz / Esso [2015] IECompA m15020 (14 April 2015)

The acquisition was cleared subject to binding divestment commitments, as these commitments addressed competition concerns identified during the review.

Parties: Acquirer: Topaz Investments Limited; Target: Esso Ireland Limited
Jurisdiction: Ireland
Judgment Date: 14 April 2015
Procedural Posture: Merger Control / Phase 2 Determination
Outcome: Cleared with conditions
Legal Topics: Merger Control, Divestment Commitments, Oil and Petroleum Sector

Competition Law Merger Control Divestment Commitments Oil and Petroleum Sector

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Parties

Topaz Investments Limited

Acquirer

Esso Ireland Limited

Target

Procedural Posture

Merger Control / Phase 2 Determination

Legal Issues

1 Whether the proposed acquisition of Esso Ireland Limited by Topaz Investments Limited would substantially lessen competition in the sale and supply of oil and petroleum products in Ireland.

Ratio Decidendi

The acquisition was cleared subject to binding divestment commitments, as these commitments addressed competition concerns identified during the review.

Court Disposition

Cleared with conditions

Orders

Acquisition cleared subject to binding divestment commitments