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Ireland: 2012 continued downward slope for major merger activity

By  |  January 4, 2013

The Irish Competition Authority has reported a 17.5 percent drop in large merger activity compared with last year, according to reports. According to Authority figure, 33 deals were examined in 2012, six of which are still under investigation; that figure is compared to 40 merger proposals examined in 2011. The figures show a “substantial” decline in merger activity in the last few years, likely due to a weakened economy. Reports note that at the peak of Ireland’s economy in 2006, 98 mergers were examined by the Authority. The figures do not include those occurring between smaller companies, however; regulations call for the Competition Authority to review any merger between companies whose turnover is $52.74 or more.

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