ELQ Investors II (Goldman Sachs) / Bridgewater Shopping Centre and Brunel House [2016] IECompA m16029 (9 June 2016)

ELQ Investors II (Goldman Sachs) / Bridgewater Shopping Centre and Brunel House [2016] IECompA m16029 (9 June 2016)

The Competition and Consumer Protection 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 at Phase 1.

Parties
Acquirer: ELQ Investors II Limited (Goldman Sachs); Vendor: North Quay Developments Limited
Jurisdiction
Ireland
Judgment Date
09 June 2016
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared (Phase 1)
Legal Topics
Merger Control, Acquisition Clearance
Competition Law Merger Control Acquisition Clearance

Case Brief

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Parties

ELQ Investors II Limited (Goldman Sachs)

Acquirer

North Quay Developments Limited

Vendor

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of Bridgewater Shopping Centre and Brunel House by ELQ Investors II Limited from North Quay Developments Limited raises competition concerns under Irish law.

Ratio Decidendi

The Competition and Consumer Protection 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 at Phase 1.

Court Disposition

Cleared (Phase 1)

Orders

  • The proposed acquisition by ELQ Investors II Limited of Bridgewater Shopping Centre and Brunel House from North Quay Developments Limited is cleared.