Goldman Sachs / Piershine / Tifco | Competition and Consumer Protection Commission [2015] IECompA m15029 (23 June 2015)

Goldman Sachs / Piershine / Tifco | Competition and Consumer Protection Commission [2015] IECompA m15029 (23 June 2015)

The Commission found that the proposed acquisition of joint control of Tifco Limited by Goldman Sachs International and Piershine Limited did not raise competition concerns and would not substantially lessen competition in any market in the State.

Parties
Acquirer: Goldman Sachs International; Acquirer: Piershine Limited; Target: Tifco Limited
Jurisdiction
Ireland
Judgment Date
23 June 2015
Procedural Posture
Merger Control / Clearance Decision (phase 1)
Outcome
cleared
Legal Topics
Merger Control, Joint Control, Hotel Sector, Media Merger
Competition Law Merger Control Joint Control Hotel Sector Media Merger

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Parties

Goldman Sachs International

Acquirer

Piershine Limited

Acquirer

Tifco Limited

Target

Procedural Posture

Merger Control / Clearance Decision (phase 1)

Legal Issues

  1. 1 Whether the proposed acquisition of joint control by Goldman Sachs International and Piershine Limited of Tifco Limited would substantially lessen competition in any market for goods or services in the State.

Ratio Decidendi

The Commission found that the proposed acquisition of joint control of Tifco Limited by Goldman Sachs International and Piershine Limited did not raise competition concerns and would not substantially lessen competition in any market in the State.

Court Disposition

cleared

Orders

  • The proposed acquisition of joint control by Goldman Sachs International and Piershine Limited of Tifco Limited is cleared under Section 21(2)(a) of the Competition Act 2002 (as amended).