Mitsubishi UFJ Fund / UBS Fund | Competition and Consumer Protection Commission [2015] IECompA m15034 (10 July 2015)

Mitsubishi UFJ Fund / UBS Fund | Competition and Consumer Protection Commission [2015] IECompA m15034 (10 July 2015)

The Commission determined that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction under Phase 1 review.

Parties
Acquirer: Mitsubishi UFJ Fund Services Holdings Limited; Target: UBS Fund Services (Ireland) Limited
Jurisdiction
Ireland
Judgment Date
10 July 2015
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Acquisition of Sole Control, Financial Services Sector
Competition Law Corporate Law Merger Control Acquisition of Sole Control Financial Services Sector

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Parties

Mitsubishi UFJ Fund Services Holdings Limited

Acquirer

UBS Fund Services (Ireland) Limited

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of sole control of UBS Fund Services (Ireland) Limited by Mitsubishi UFJ Fund Services Holdings Limited would substantially lessen competition in any market for goods or services in the State.

Ratio Decidendi

The Commission determined that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction under Phase 1 review.

Court Disposition

Cleared

Orders

  • The proposed acquisition of sole control of UBS Fund Services (Ireland) Limited by Mitsubishi UFJ Fund Services Holdings Limited is cleared.