Mergers, acquisitions and certain joint ventures are notified to the Competition and Consumer Protection Commission (CCPC) which determines whether the proposed transaction would “substantially lessen competition" in Ireland. The report highlights key time periods and trends in Irish merger control in 2021 and also looks ahead to anticipated developments in 2022.
2021 was the busiest year in Irish merger control since 2018, with a total of 81 notifications being made to the CCPC. This is a 98% increase on the 41 merger notifications made in 2020, and a 72% increase on the 47 merger notifications made in 2019. Financial and Insurance Services stood out as a key sector for deals notified in 2021.