M/17/046 - Hammerson/Teba [2017] IECompA m17046 (14 September 2017)

M/17/046 - Hammerson/Teba [2017] IECompA m17046 (14 September 2017)

The 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: Hammerson plc; Target: Teba Unlimited Company
Jurisdiction
Ireland
Judgment Date
14 September 2017
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Acquisition, Commercial Real Estate
Competition Law Merger Control Acquisition Commercial Real Estate

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Parties

Hammerson plc

Acquirer

Teba Unlimited Company

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition by Hammerson plc of sole control of the Pavilions Shopping Centre I & II from Teba Unlimited Company is compatible with competition law.

Ratio Decidendi

The 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 Hammerson plc of sole control of the Pavilions Shopping Centre I & II, Swords, Co. Dublin from Teba Unlimited Company is cleared.