M/18/035 - Irish Life/Invesco [2018] IECompA m18035 (15 June 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: Irish Life Group Limited; Target: Invesco Limited
Jurisdiction: Ireland
Judgment Date: 15 June 2018
Procedural Posture: Merger Control / Phase 1 Clearance
Outcome: Cleared
Legal Topics: Merger Control, Acquisition, Sole Control, Financial Services, Pension Administration

Competition Law Merger Control Acquisition Sole Control Financial Services Pension Administration

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Parties

Irish Life Group Limited

Acquirer

Invesco Limited

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

1 Whether the proposed acquisition of sole control of Invesco Limited by Irish Life Group Limited is compatible with competition law requirements

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 by Irish Life Group Limited of sole control of Invesco Limited is cleared.