M/20/029 - Brookfield (Greenergy)/Amber Oil [2021] IECompA m20029 (26 January 2021)

M/20/029 - Brookfield (Greenergy)/Amber Oil [2021] IECompA m20029 (26 January 2021)

The Competition and Consumer Protection Commission found that the proposed acquisition by Greenergy International Limited of Amber Oil Products Unlimited Company would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction under Phase 1 review.

Parties
Acquirer: Greenergy International Limited; Target: Amber Oil Products Unlimited Company; Parent of Acquirer: Brookfield Business Partners LP
Jurisdiction
Ireland
Judgment Date
26 January 2021
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Fuel Sector, Market Concentration
Competition Law Merger Control Fuel Sector Market Concentration

Case Brief

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Parties

Greenergy International Limited

Acquirer

Amber Oil Products Unlimited Company

Target

Brookfield Business Partners LP

Parent of Acquirer

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition 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 by Greenergy International Limited of Amber Oil Products Unlimited Company would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction under Phase 1 review.

Court Disposition

Cleared

Orders

  • The proposed acquisition by Greenergy International Limited of Amber Oil Products Unlimited Company is cleared.