Introduction 1 On 25 February 2015 the Competition and Consumer Protection Commission (CCPC), Ireland’s competition agency, [1] cleared, at Phase I, the asset acquisition whereby the Blackstone Group L.P. (Blackstone), via a wholly-owned subsidiary, Atrium Office Investment Sari, would acquire Block A and Block B of the Atrium Buildings (the Atrium Buildings) from Atrium Property Developments Limited and Balcuik Limited. [2] It was determined that the merger would not lead to a substantial lessening of competition (SLC), the competition test used by the CCPC. The transaction was notified to the CCPC on 30 January 2015. There was no appeal on the CCPC’s decision. [3] Background 2 Blackstone is a “US based global alternative asset manager and provider of financial
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The Irish Competition Authority clears at phase I an asset acquisition on the basis that it does not lead to substantial lessening of competition (Blackstone / Atrium)
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