M/017/050 - Joyces/Nestors [2017] IECompA m17050 (5 October 2017)

M/017/050 - Joyces/Nestors [2017] IECompA m17050 (5 October 2017)

The Commission determined that the proposed acquisition would not substantially lessen competition in the retail supply of grocery goods in County Galway and therefore cleared the transaction under Phase 1 review.

Parties
Acquirer: Patrick C Joyce Supermarket (Headford) Unlimited Company; Parent Company of Acquirer: Solus Junction Unlimited Company; Target: Nestor Property Limited (in Receivership); Subsidiary of Target: TJN Limited (in Receivership); Subsidiary of Target: C-Town Limited (in Receivership)
Jurisdiction
Ireland
Judgment Date
05 October 2017
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
cleared
Legal Topics
Merger Control, Retail Grocery Sector, Asset Acquisition
Competition Law Merger Control Retail Grocery Sector Asset Acquisition

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Parties

Patrick C Joyce Supermarket (Headford) Unlimited Company

Acquirer

Solus Junction Unlimited Company

Parent Company of Acquirer

Nestor Property Limited (in Receivership)

Target

TJN Limited (in Receivership)

Subsidiary of Target

C-Town Limited (in Receivership)

Subsidiary of Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of certain assets of Nestor Property Limited and its subsidiaries by Patrick C Joyce Supermarket (Headford) Unlimited Company would substantially lessen competition in the relevant market.

Ratio Decidendi

The Commission determined that the proposed acquisition would not substantially lessen competition in the retail supply of grocery goods in County Galway and therefore cleared the transaction under Phase 1 review.

Court Disposition

cleared

Orders

  • The proposed acquisition by Patrick C Joyce Supermarket (Headford) Unlimited Company of certain assets of Nestor Property Limited and its subsidiaries is cleared.