M/16/056 - ESB Pension Fund/Ulysses Properties [2016] IECompA m16056 (30 November 2016)

M/16/056 - ESB Pension Fund/Ulysses Properties [2016] IECompA m16056 (30 November 2016)

The Commission found that the proposed acquisition would not result in a substantial lessening of competition in any market for goods or services in the State.

Parties
Acquirer: The Trustees of the ESB Pension Fund; Target: Ulysses Properties Limited Partnership
Jurisdiction
Ireland
Judgment Date
30 November 2016
Procedural Posture
Merger Clearance / Decision
Outcome
cleared
Legal Topics
Merger Control, Acquisition, Sole Control
Competition Law Merger Control Acquisition Sole Control

Case Brief

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Parties

The Trustees of the ESB Pension Fund

Acquirer

Ulysses Properties Limited Partnership

Target

Procedural Posture

Merger Clearance / Decision

Legal Issues

  1. 1 Whether the acquisition of sole control of Ulysses Properties Limited Partnership by the Trustees of the ESB Pension Fund is compatible with competition law

Ratio Decidendi

The Commission found that the proposed acquisition would not result in a substantial lessening of competition in any market for goods or services in the State.

Court Disposition

cleared

Orders

  • Acquisition by the Trustees of the ESB Pension Fund of sole control of Ulysses Properties Limited Partnership is cleared.