M/19/036 - IBRC/Slieve Russell & QFHU [2019] IECompA m19036 (16 December 2019)

M/19/036 - IBRC/Slieve Russell & QFHU [2019] IECompA m19036 (16 December 2019)

The Commission found no competition concerns arising from the proposed acquisition and cleared the transaction in Phase 1.

Parties
Acquirer: Irish Bank Resolution Corporation Limited (in Special Liquidation); Target: Slieve Russell Hotel Limited; Target: Quinn Finance Holding Unlimited Company
Jurisdiction
Ireland
Judgment Date
16 December 2019
Procedural Posture
Merger Clearance / Phase 1 Decision
Outcome
cleared
Legal Topics
Merger Control, Acquisition, Sole Control

Case Brief

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Parties

Irish Bank Resolution Corporation Limited (in Special Liquidation)

Acquirer

Slieve Russell Hotel Limited

Target

Quinn Finance Holding Unlimited Company

Target

Procedural Posture

Merger Clearance / Phase 1 Decision

  1. 1 Whether the proposed acquisition of sole control by IBRC over Slieve Russell Hotel Limited and Quinn Finance Holding Unlimited Company should be cleared under competition law

Ratio Decidendi

The Commission found no competition concerns arising from the proposed acquisition and cleared the transaction in Phase 1.

Court Disposition

cleared

Orders

  • Acquisition of sole control by IBRC over Slieve Russell Hotel Limited and Quinn Finance Holding Unlimited Company is approved