M/20/006 Macquarie/Patrizia/Bishops Square [2020] IECompA m20006 (26 March 2020)
The Competition and Consumer Protection Commission found that the proposed acquisition of joint control of Bishops Square by Macquarie and Patrizia does not raise competition concerns and cleared the transaction under Phase 1.
- Parties
- Acquirer: Macquarie Group Limited; Acquirer: Patrizia Immobilien Aktiengesellschaft; Target: Bishops Square, Kevin Street, Dublin 2 (commercial real estate assets)
- Jurisdiction
- Ireland
- Judgment Date
- 26 March 2020
- Procedural Posture
- Merger Control / Phase 1 Clearance
- Outcome
- cleared
- Legal Topics
- Merger Control, Joint Control Acquisition, Commercial Real Estate
Case Brief
Summary, issues, holding and outcome
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Parties
Macquarie Group Limited
Acquirer
Patrizia Immobilien Aktiengesellschaft
Acquirer
Bishops Square, Kevin Street, Dublin 2 (commercial real estate assets)
Target
Procedural Posture
Merger Control / Phase 1 Clearance
Legal Issues
- 1 Whether the proposed joint acquisition of Bishops Square assets by Macquarie and Patrizia raises competition concerns under Irish merger control law
Ratio Decidendi
The Competition and Consumer Protection Commission found that the proposed acquisition of joint control of Bishops Square by Macquarie and Patrizia does not raise competition concerns and cleared the transaction under Phase 1.
Court Disposition
cleared
Orders
- The proposed acquisition is cleared under Phase 1.
Full Case Text
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