HNA / Lenlyn Holdings [2016] IECompA m16022 (13 May 2016)

HNA / Lenlyn Holdings [2016] IECompA m16022 (13 May 2016)

The Commission found 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: HNA Group Co. Ltd; Target: Lenlyn Holdings Limited
Jurisdiction
Ireland
Judgment Date
13 May 2016
Procedural Posture
Merger Control / Decision (phase 1 Clearance)
Outcome
cleared
Legal Topics
Merger Control, Acquisition, Sole Control, Financial Services
Competition Law Merger Control Acquisition Sole Control Financial Services

Case Brief

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Parties

HNA Group Co. Ltd

Acquirer

Lenlyn Holdings Limited

Target

Procedural Posture

Merger Control / Decision (phase 1 Clearance)

Legal Issues

  1. 1 Whether the proposed acquisition by HNA Group Co. Ltd of sole control of certain businesses and assets of Lenlyn Holdings Limited would substantially lessen competition in any market for goods or services in the State.

Ratio Decidendi

The Commission found 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 by HNA Group Co. Ltd, through its indirect majority owned subsidiary Yuan Jing ICE Co. Limited, of sole control of certain businesses and assets of Lenlyn Holdings Limited is cleared.