M/20/002 - Kyanite/Keppel [2020] IECompA m20002 (26 February 2020)

M/20/002 - Kyanite/Keppel [2020] IECompA m20002 (26 February 2020)

The proposed transaction does not raise competition concerns and is compatible with competition law requirements. The acquisition is cleared under Phase 1 review.

Parties
Acquirer: Kyanite Investment Holdings Pte. Ltd.; Target: Keppel Corporation Limited
Jurisdiction
Ireland
Judgment Date
26 February 2020
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

Kyanite Investment Holdings Pte. Ltd.

Acquirer

Keppel Corporation Limited

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of sole control by Kyanite Investment Holdings Pte. Ltd. over Keppel Corporation Limited is compatible with competition law requirements in the State.

Ratio Decidendi

The proposed transaction does not raise competition concerns and is compatible with competition law requirements. The acquisition is cleared under Phase 1 review.

Court Disposition

cleared

Orders

  • The proposed transaction is cleared by the Competition and Consumer Protection Commission.