M/20/013 - Phoenix/ReAssure [2020] IECompA m20013 (8 May 2020)

M/20/013 - Phoenix/ReAssure [2020] IECompA m20013 (8 May 2020)

The Competition and Consumer Protection Commission found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction.

Parties
Acquirer: Phoenix Group Holdings plc; Target: ReAssure Group plc
Jurisdiction
Ireland
Judgment Date
08 May 2020
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
cleared
Legal Topics
Merger Control, Acquisition of Sole Control, Financial Services Sector
Competition Law Merger Control Acquisition of Sole Control Financial Services Sector

Case Brief

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Parties

Phoenix Group Holdings plc

Acquirer

ReAssure Group plc

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of sole control by Phoenix Group Holdings plc over ReAssure Group plc would substantially lessen competition in any market for goods or services in the State.

Ratio Decidendi

The Competition and Consumer Protection Commission found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction.

Court Disposition

cleared

Orders

  • The proposed acquisition by Phoenix Group Holdings plc of sole control of ReAssure Group plc is cleared.