M/20/008 - FNZ/IPSI [2020] IECompA m20008 (17 April 2020)
The proposed acquisition does not raise competition concerns and is cleared under Phase 1 investigation.
- Parties
- Acquirer: Kiwi Holdco (parent company of FNZ Group); Target: Irish Progressive Services International Limited (IPSI)
- Jurisdiction
- Ireland
- Judgment Date
- 17 April 2020
- Procedural Posture
- Merger Clearance / Phase 1 Determination
- Outcome
- merger cleared
- Legal Topics
- Merger Control, Acquisition, Financial Services
Case Brief
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Parties
Kiwi Holdco (parent company of FNZ Group)
Acquirer
Irish Progressive Services International Limited (IPSI)
Target
Procedural Posture
Merger Clearance / Phase 1 Determination
Legal Issues
- 1 Whether the proposed acquisition of sole control of IPSI by Kiwi Holdco would substantially lessen competition in the relevant market
Ratio Decidendi
The proposed acquisition does not raise competition concerns and is cleared under Phase 1 investigation.
Court Disposition
merger cleared
Orders
- The proposed acquisition of sole control of IPSI by Kiwi Holdco is approved.
Full Case Text
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