M/17/42 - Direct Fuels Limited/Diesel Card Ireland Limited [2017] IECompA m1742 (29 August 2017)

The Commission found that the proposed acquisition would not substantially lessen competition in the fuel card service sector and cleared the transaction.

Parties: Acquirer: Diesel Card Ireland Limited; Parent Company of Acquirer: Radius Payment Solutions Limited; Target: Direct Fuels Limited; Subsidiary of Target: Fuel Plus Cards Limited; Seller: Kieran Dunne
Jurisdiction: Ireland
Judgment Date: 29 August 2017
Procedural Posture: Merger Notification / Decision (phase 1 Clearance)
Outcome: cleared
Legal Topics: Merger Control, Acquisition, Fuel Card Services

Competition Law Merger Control Acquisition Fuel Card Services

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Parties

Diesel Card Ireland Limited

Acquirer

Radius Payment Solutions Limited

Parent Company of Acquirer

Direct Fuels Limited

Target

Fuel Plus Cards Limited

Subsidiary of Target

Kieran Dunne

Seller

Procedural Posture

Merger Notification / Decision (phase 1 Clearance)

Legal Issues

1 Whether the proposed acquisition would substantially lessen competition in the fuel card service sector

Ratio Decidendi

The Commission found that the proposed acquisition would not substantially lessen competition in the fuel card service sector and cleared the transaction.

Court Disposition

cleared

Orders

Acquisition by Diesel Card Ireland Limited of sole control of Direct Fuels Limited and its subsidiary Fuel Plus Cards Limited from Kieran Dunne is cleared.