M/19/035 - Bank of China / GANMAC [2019] IECompA m19035 (16 December 2019)

M/19/035 - Bank of China / GANMAC [2019] IECompA m19035 (16 December 2019)

The Competition and Consumer Protection Commission found that the proposed acquisition would not substantially lessen competition in any market in the State.

Parties
Acquirer: Bank of China (UK) Ltd.; Target: GANMAC Holdings (BVI) Ltd.
Jurisdiction
Ireland
Judgment Date
16 December 2019
Procedural Posture
Merger Clearance / Phase 1 Decision
Outcome
merger cleared
Legal Topics
Merger Control, Financial Services
Competition Law Merger Control Financial Services

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 1 Authorities cited 1 Party arguments 2
Sign in to unlock

Parties

Bank of China (UK) Ltd.

Acquirer

GANMAC Holdings (BVI) Ltd.

Target

Procedural Posture

Merger Clearance / Phase 1 Decision

Legal Issues

  1. 1 Whether the proposed acquisition of sole control of GANMAC Holdings (BVI) Limited by Bank of China (UK) Limited raises competition concerns in the State

Ratio Decidendi

The Competition and Consumer Protection Commission found that the proposed acquisition would not substantially lessen competition in any market in the State.

Court Disposition

merger cleared

Orders

  • The proposed acquisition of sole control of GANMAC Holdings (BVI) Limited by Bank Of China (UK) Limited is cleared.