The Competition and Consumer Protection Commission (CCPC) recently published its Mergers and Acquisitions Report for 2017, which revealed a 7.5% increase in the number of merger and acquisition (M&A) notifications.
Key statistics revealed in the report include:
“In 2017, we saw a further increase in the number of transactions notified to us for examination,” commented Isolde Goggin, Chairperson of the CCPC. “While we did not prohibit any proposed transactions, we did, after extensive analysis, require formal commitments for the clearance of four transactions. Without these commitments, competition would have been adversely affected in a number of markets.”
“Our role in reviewing mergers and acquisitions is to ensure that proposed transactions do not substantially lessen competition in any market within the State,” she added. “This is a vital safeguard in maintaining Ireland’s ability to compete in global markets. Competitive markets where businesses can compete and consumers can exercise choice are a key driver of productivity, innovation and long-term growth.”
If you intend to carry out a merger or acquisition then you must first determine whether it falls within the thresholds set out in competition law. The CCPC warns that failure to do so is a criminal offence and could carry serious consequences. Taking professional legal advice is always recommended to ensure you fully comply with all legal requirements, because the CCPC will not hesitate to act against any perceived breaches.
Our lawyers have extensive experience and knowledge to deal with all types of corporate and commercial transactions. We offer much more than simply legal advice. We are business advisors who offer practical, business-savvy legal advice focused on getting the very best deal for the client and protecting their best interests. Contact us today to find out how we can help you and your business.
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