M/19/015 - Irish Residential Properties REIT/ XVI Portfolio (Marathon) [2019] IECompA m19015 (19 July 2019)

M/19/015 - Irish Residential Properties REIT/ XVI Portfolio (Marathon) [2019] IECompA m19015 (19 July 2019)

The Competition and Consumer Protection Commission determined that the proposed acquisition would not substantially lessen competition in the relevant market and cleared the transaction.

Parties
Acquirer: Irish Residential Properties REIT; Target: XVI Portfolio (Marathon)
Jurisdiction
Ireland
Judgment Date
19 July 2019
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
cleared
Legal Topics
Merger Control, Acquisition of Sole Control, Residential Property Sector
Competition Law Merger Control Acquisition of Sole Control Residential Property Sector

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Parties

Irish Residential Properties REIT

Acquirer

XVI Portfolio (Marathon)

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition would substantially lessen competition in the residential property sector

Ratio Decidendi

The Competition and Consumer Protection Commission determined that the proposed acquisition would not substantially lessen competition in the relevant market and cleared the transaction.

Court Disposition

cleared

Orders

  • The proposed acquisition by Irish Residential Properties REIT of sole control of XVI Portfolio (Marathon) is cleared.