M/17/049 - Vermilion Energy / Shell E&P Ireland [2017] IECompA m17049 (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 under Phase 1 review.
- Parties
- Acquirer: Vermilion Energy Inc.; Acquirer Subsidiary: Vermilion Oil and Gas Ireland Limited; Target: Shell E&P Ireland Limited; Seller: CPP Investment Board Europe S.ár.l.
- Jurisdiction
- Ireland
- Judgment Date
- 21 September 2017
- Procedural Posture
- Merger Control / Phase 1 Clearance
- Outcome
- Cleared
- Legal Topics
- Merger Control, Acquisition of Control, Oil and Gas Sector
Case Brief
Summary, issues, holding and outcome
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Parties
Vermilion Energy Inc.
Acquirer
Vermilion Oil and Gas Ireland Limited
Acquirer Subsidiary
Shell E&P Ireland Limited
Target
CPP Investment Board Europe S.ár.l.
Seller
Procedural Posture
Merger Control / Phase 1 Clearance
Legal Issues
- 1 Whether the proposed acquisition of Shell E&P Ireland Limited by Vermilion Energy Inc. through its subsidiary 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 under Phase 1 review.
Court Disposition
Cleared
Orders
- The proposed acquisition by Vermilion Energy Inc., through Vermilion Oil and Gas Ireland Limited, of the entire issued share capital and sole control of Shell E&P Ireland Limited from CPP Investment Board Europe S.ár.l. is cleared.
Full Case Text
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