M/16/059 - Madison/Mubadala/Christie [2016] IECompA m16059 (14 December 2016)

M/16/059 - Madison/Mubadala/Christie [2016] IECompA m16059 (14 December 2016)

The joint acquisition does not raise competition concerns and is compatible with competition law, as the parties are not active in the same markets and there is no overlap or vertical relationship that would affect competition.

Parties
Acquirer: Madison International European Realty L. L. C.; Acquirer: Mubadala Development Company PJSC; Target: Christie B. V.
Jurisdiction
Ireland
Judgment Date
14 December 2016
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
cleared
Legal Topics
Merger Control, Joint Acquisition, Clearance
Competition Law Merger Control Joint Acquisition Clearance

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Parties

Madison International European Realty L. L. C.

Acquirer

Mubadala Development Company PJSC

Acquirer

Christie B. V.

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the joint acquisition of Christie B. V. by Madison International European Realty L. L. C. and Mubadala Development Company PJSC is compatible with competition law.

Ratio Decidendi

The joint acquisition does not raise competition concerns and is compatible with competition law, as the parties are not active in the same markets and there is no overlap or vertical relationship that would affect competition.

Court Disposition

cleared

Orders

  • The proposed acquisition by Madison International European Realty L. L. C. and Mubadala Development Company PJSC of joint control of Christie B. V. is cleared.