M/17/062 - DekaBank/Gibson [2017] IECompA m17062 (15 December 2017)

M/17/062 - DekaBank/Gibson [2017] IECompA m17062 (15 December 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.

Parties
Acquirer: DekaBank Deutsche Girozentrale; Acquirer Subsidiary: WestInvest Gesellschaft fur Investmentfonds mbH; Seller/target Controller: Stephen Tennant and Paul McCann (joint receivers for Harry A. Crosbie)
Jurisdiction
Ireland
Judgment Date
15 December 2017
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
Cleared (Phase 1)
Legal Topics
Merger Control, Acquisition of Assets, Real Estate Transactions
Competition Law Merger Control Acquisition of Assets Real Estate Transactions

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Parties

DekaBank Deutsche Girozentrale

Acquirer

WestInvest Gesellschaft fur Investmentfonds mbH

Acquirer Subsidiary

Stephen Tennant and Paul McCann (joint receivers for Harry A. Crosbie)

Seller/target Controller

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of a long leasehold in The Gibson Hotel by DekaBank's subsidiary raises competition concerns under Irish 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.

Court Disposition

Cleared (Phase 1)

Orders

  • The proposed acquisition is cleared and may proceed.