M/18/032 - Phoenix/SLAL [2018] IECompA m18032 (28 May 2018)

M/18/032 - Phoenix/SLAL [2018] IECompA m18032 (28 May 2018)

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: Phoenix Group Holdings; Target: Standard Life Assurance Limited
Jurisdiction
Ireland
Judgment Date
28 May 2018
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Acquisition of Sole Control
Competition Law Merger Control Acquisition of Sole Control

Case Brief

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Parties

Phoenix Group Holdings

Acquirer

Standard Life Assurance Limited

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of sole control of Standard Life Assurance Limited by Phoenix Group Holdings would substantially lessen competition in any market for goods or services in the State.

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

Orders

  • The proposed acquisition of sole control of Standard Life Assurance Limited by Phoenix Group Holdings is cleared.