M/17/023 - Standard Life/Aberdeen [2017] IECompA m17023 (2 June 2017)

M/17/023 - Standard Life/Aberdeen [2017] IECompA m17023 (2 June 2017)

The Competition and Consumer Protection 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: Standard Life plc; Target: Aberdeen Asset Management PLC
Jurisdiction
Ireland
Judgment Date
02 June 2017
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
cleared
Legal Topics
Merger Control, Asset Management Sector
Competition Law Merger Control Asset Management Sector

Case Brief

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Parties

Standard Life plc

Acquirer

Aberdeen Asset Management PLC

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of Aberdeen Asset Management PLC by Standard Life plc would substantially lessen competition in the provision of asset management services in Ireland.

Ratio Decidendi

The Competition and Consumer Protection 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 Standard Life plc of Aberdeen Asset Management PLC is cleared.