Ing Groep / Appleyard [2006] IECompA m06045 (17 July 2006)

Ing Groep / Appleyard [2006] IECompA m06045 (17 July 2006)

The Competition Authority found that the proposed acquisition did not raise competition concerns as there was no significant overlap between the activities of the parties and the transaction would not substantially lessen competition in any relevant market.

Parties
Acquirer: ING Groep N.V.; Target: Appleyard Finance Holdings Limited
Jurisdiction
Ireland
Judgment Date
17 July 2006
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Proposed Acquisition, Media Merger, Financial Services Sector
Competition Law Merger Control Proposed Acquisition Media Merger Financial Services Sector

Case Brief

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Parties

ING Groep N.V.

Acquirer

Appleyard Finance Holdings Limited

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of Appleyard Finance Holdings Limited by ING Groep N.V. would substantially lessen competition in any market for goods or services in the State.

Ratio Decidendi

The Competition Authority found that the proposed acquisition did not raise competition concerns as there was no significant overlap between the activities of the parties and the transaction would not substantially lessen competition in any relevant market.

Court Disposition

Cleared

Orders

  • The proposed acquisition by ING Groep N.V. of Appleyard Finance Holdings Limited is cleared unconditionally.