Marsh UK Group Limited -with- HSBC Insurance (Non-life insurance distribution and reinsurance distribution) [2010] IECompA M10001 (11 January 2010)
The Competition Authority determined that the proposed acquisition would not substantially lessen competition in the relevant markets and therefore cleared the transaction.
- Citation
- [2010] IECompA M10001
- Parties
- Acquirer: Marsh & McLennan Companies Inc.; Acquirer Subsidiary: MMC UK Group Limited; Target: HSBC Insurance Brokers Limited
- Jurisdiction
- Ireland
- Judgment Date
- 11 January 2010
- Procedural Posture
- Merger Control / Phase 1 Clearance
- Outcome
- cleared
- Legal Topics
- Merger Notification, Acquisition Clearance, Non Life Insurance Distribution, Reinsurance Distribution
Case Brief
Summary, issues, holding and outcome
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Parties
Marsh & McLennan Companies Inc.
Acquirer
MMC UK Group Limited
Acquirer Subsidiary
HSBC Insurance Brokers Limited
Target
Procedural Posture
Merger Control / Phase 1 Clearance
Legal Issues
- 1 Whether the acquisition of HSBC Insurance Brokers Limited by MMC UK Group Limited would substantially lessen competition in the relevant markets.
Ratio Decidendi
The Competition Authority determined that the proposed acquisition would not substantially lessen competition in the relevant markets and therefore cleared the transaction.
Court Disposition
cleared
Orders
- The proposed acquisition of HSBC Insurance Brokers Limited by MMC UK Group Limited is cleared.
Full Case Text
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