Pearl/ Resolution [2007] IECompA m07063 (12 December 2007)

Pearl/ Resolution [2007] IECompA m07063 (12 December 2007)

The Competition Authority determined that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction under Phase 1 review.

Parties
Acquirer: Pearl Group Limited; Acquirer Subsidiary: Impala Holdings Limited; Target: Resolution plc
Jurisdiction
Ireland
Judgment Date
12 December 2007
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared (Phase 1)
Legal Topics
Proposed Acquisition, Media Merger, Life Insurance Sector, Competition Assessment
Competition Law Merger Control Proposed Acquisition Media Merger Life Insurance Sector Competition Assessment

Case Brief

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Parties

Pearl Group Limited

Acquirer

Impala Holdings Limited

Acquirer Subsidiary

Resolution plc

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of Resolution plc by Pearl Group Limited through Impala Holdings Limited would substantially lessen competition in any market for goods or services in the State.

Ratio Decidendi

The Competition Authority determined that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction under Phase 1 review.

Court Disposition

Cleared (Phase 1)

Orders

  • The proposed acquisition by Pearl Group Limited, through its subsidiary Impala Holdings Limited, of Resolution plc is cleared unconditionally.