CVC Funds -with- IG Group (Betting) [2003] IECompA M03025 (30 July 2003)

CVC Funds -with- IG Group (Betting) [2003] IECompA M03025 (30 July 2003)

The proposed acquisition does not raise competition concerns and is cleared under Phase 1 review.

Citation
[2003] IECompA M03025
Parties
Acquirer: CVC Funds; Target: IG Group plc
Jurisdiction
Ireland
Judgment Date
30 July 2003
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Notification, Acquisition of Share Capital, Media Sector Mergers
Competition Law Merger Control Merger Notification Acquisition of Share Capital Media Sector Mergers

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Parties

CVC Funds

Acquirer

IG Group plc

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of IG Group plc by CVC Funds raises competition concerns under Irish merger control law

Ratio Decidendi

The proposed acquisition does not raise competition concerns and is cleared under Phase 1 review.

Court Disposition

Cleared

Orders

  • The proposed acquisition is approved and may proceed.