AIB / Certain properties of Mr. Gannon [2015] IECompA m15049 (2 September 2015)

AIB / Certain properties of Mr. Gannon [2015] IECompA m15049 (2 September 2015)

The Competition and Consumer Protection Commission found that the proposed acquisition would not substantially lessen competition in the commercial property sector and cleared the merger.

Parties
Acquirer: Allied Irish Banks Plc; Seller: Gerard Gannon
Jurisdiction
Ireland
Judgment Date
02 September 2015
Procedural Posture
Merger Clearance / Phase 1 Decision
Outcome
merger cleared
Legal Topics
Merger Control, Property Acquisition
Competition Law Merger Control Property Acquisition

Case Brief

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Parties

Allied Irish Banks Plc

Acquirer

Gerard Gannon

Seller

Procedural Posture

Merger Clearance / Phase 1 Decision

Legal Issues

  1. 1 Whether the proposed acquisition of certain property leasehold interests by AIB from Mr. Gannon raises competition concerns in the commercial property sector

Ratio Decidendi

The Competition and Consumer Protection Commission found that the proposed acquisition would not substantially lessen competition in the commercial property sector and cleared the merger.

Court Disposition

merger cleared

Orders

  • The proposed acquisition is cleared under Phase 1 by the Competition and Consumer Protection Commission.