Transaction details
The proposed acquisition of Joint Control by Goldman Sachs International and Piershine Limited of Tifco Limited, has been cleared by the Competition and Consumer Protection Commission.
| Economic sector | Media merger |
| Hotel accommodation sector in Ireland | No |
Notification date: Tuesday, June 23, 2015
| Parties Involved | Business activities |
| Goldman Sachs International | Goldman Sachs International is ultimately owned and controlled by The Goldman Sachs Group, Inc. Goldman Sachs Group, Inc is involved in the business of investment banking and securities and investment management on a global scale. |
| Piershine Limited | Piershine is a trust company established for the purposes of holding the Holdco stake and Tifco loan notes. |
| Tifco Limited | Tifco currently owns (i) Crowne Plaza Dundalk, (ii) Crowne Plaza Northwood, (iii) Crowne Plaza Blanchardstown, and (iv) Holiday Inn Northwood. |
| Case Officer Assigned | Contact Details |
| Andrew Rae | Tel: 01-470 3671, e-mail: [email protected] |
The deadline for any third parties who wish to make submissions regarding the competition aspects of this merger is:
| Phase 1 |
| Wednesday, July 8, 2015 |
|
Current status |
Completed |
Cleared (Phase 1) |
Decision date: Wednesday, July 15, 2015
