Mubadala / PIM Investment [2010] IECompA m10022 (28 July 2010)
The proposed joint venture does not raise competition concerns and is therefore cleared under Phase 1 review.
- Parties
- Applicant: Mubadala Development Company PJSC; Applicant: Prudential Investment Management Inc. (trading as Pramerica Investment Management and Pramerica Real Estate Investors); Decision Maker: Competition Authority
- Jurisdiction
- Ireland
- Judgment Date
- 28 July 2010
- Procedural Posture
- Merger Control / Phase 1 Clearance
- Outcome
- Cleared (Phase 1)
- Legal Topics
- Merger Control, Joint Venture, Market Competition
Case Brief
Summary, issues, holding and outcome
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Parties
Mubadala Development Company PJSC
Applicant
Prudential Investment Management Inc. (trading as Pramerica Investment Management and Pramerica Real Estate Investors)
Applicant
Competition Authority
Decision Maker
Procedural Posture
Merger Control / Phase 1 Clearance
Legal Issues
- 1 Whether the proposed creation of a 50:50 joint venture between Mubadala and PIM raises competition concerns in the relevant market.
Ratio Decidendi
The proposed joint venture does not raise competition concerns and is therefore cleared under Phase 1 review.
Court Disposition
Cleared (Phase 1)
Orders
- The proposed creation of a 50:50 joint venture by Mubadala and PIM is cleared.
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