M/20/014 Monument/GreyCastle [2020] IECompA m20014 (7 May 2020)
The Commission found that the proposed acquisition did not raise competition concerns and cleared the transaction under Phase 1.
- Parties
- Acquirer: Monument Re Limited; Target: GreyCastle Holdings Limited; Target: GreyCastle Life Reinsurance (SAC) Limited; Target: GreyCastle Services Limited
- Jurisdiction
- Ireland
- Judgment Date
- 07 May 2020
- Procedural Posture
- Merger Notification / Phase 1 Clearance
- Outcome
- Cleared
- Legal Topics
- Merger Control, Acquisition of Sole Control, Reinsurance Sector
Case Brief
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Parties
Monument Re Limited
Acquirer
GreyCastle Holdings Limited
Target
GreyCastle Life Reinsurance (SAC) Limited
Target
GreyCastle Services Limited
Target
Procedural Posture
Merger Notification / Phase 1 Clearance
Legal Issues
- 1 Whether the proposed acquisition of sole control by Monument Re Limited over GreyCastle entities raises competition concerns
Ratio Decidendi
The Commission found that the proposed acquisition did 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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