M/17/048 - CPPIB / Shell E&P Ireland [2017] IECompA m17048 (21 September 2017)

The Commission determined that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction.

Parties: Acquirer: Canada Pension Plan Investment Board (CPPIB); Target: Shell E&P Ireland Limited (SEPIL)
Jurisdiction: Ireland
Judgment Date: 21 September 2017
Procedural Posture: Merger Control / Phase 1 Clearance
Outcome: Cleared
Legal Topics: Merger Control, Acquisition of Sole Control, Natural Gas Sector

Competition Law Merger Control Acquisition of Sole Control Natural Gas Sector

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Parties

Canada Pension Plan Investment Board (CPPIB)

Acquirer

Shell E&P Ireland Limited (SEPIL)

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

1 Whether the proposed acquisition of SEPIL by CPPIB would substantially lessen competition in any market for goods or services in the State.

Ratio Decidendi

The Commission determined that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction.

Court Disposition

Cleared

Orders

The proposed acquisition by CPPIB of the entire issued share capital and sole control of SEPIL is cleared.