BNY Holdings / AIB/BNY Securities Services (Ireland) Limited [2006] IECompA m06060 (31 August 2006)

BNY Holdings / AIB/BNY Securities Services (Ireland) Limited [2006] IECompA m06060 (31 August 2006)

The proposed acquisition does not raise competition concerns and is cleared unconditionally at Phase 1.

Parties
Acquirer: BNY Holdings (UK) Limited; Target: AIB Fund Services (Ireland) Limited
Jurisdiction
Ireland
Judgment Date
31 August 2006
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared (Phase 1)
Legal Topics
Proposed Acquisition, Fund Administration, Trustee and Custodial Services

Case Brief

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Parties

BNY Holdings (UK) Limited

Acquirer

AIB Fund Services (Ireland) Limited

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

  1. 1 Whether the proposed acquisition of AIB Fund Services (Ireland) Limited by BNY Holdings (UK) Limited would substantially lessen competition in the relevant market

Ratio Decidendi

The proposed acquisition does not raise competition concerns and is cleared unconditionally at Phase 1.

Court Disposition

Cleared (Phase 1)