Introduction 1 On 15 October 2015 the Competition and Consumer Protection Commission (CCPC), Ireland’s competition agency, cleared the acquisition by Topaz Investments Limited (Topaz) of Esso Ireland Limited (Esso Ireland), a wholly owned by the Exxon Mobil Corporation, subject to a number of structural remedies. [1] It was determined that given these remedies 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 14 April 2015, Phase II initiated on 12 August 2015. There was no appeal on the CCPC’s decision. [2] On 20 February 2015 the merging parties, under this regulation, submitted a Reasoned Submission to the European Commission requesting that the transaction be referred back in
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The Irish Competition Authority clears an acquisition subject to a number of structural remedies in the fuel sector (Topaz / Esso)
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