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ARTICLE · 12 OCTOBER 2018

Revised Financial Thresholds For Merger Notifications In Ireland

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On 2 October 2018, Minister Heather Humphries, the Minister for Business Enterprise and Innovation, signed the Competition Act 2002 (section 27) Order 2018.

IrelandCorporate/Commercial Law
Diarmaid Gavin
Diarmaid Gavin
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On 2 October 2018, Minister Heather Humphries, the Minister for Business Enterprise and Innovation, signed the Competition Act 2002 (section 27) Order 2018 (the "Order"), which will increase the financial thresholds for mandatory notification of a merger or acquisition to the Competition and Consumer Protection Commission ("CCPC").  

Under current rules, a merger or acquisition (within the meaning of section 16(1) of the Competition Act 2002) must be notified to the CCPC if, in the most recent financial year:

  • the aggregate turnover in the State of the undertaking involved is not less than €50,000,000; and
  • the turnover in the State of each of two or more of the undertakings involved was not less than €3,000,000.

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