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Change to Merger Control Thresholds in Ireland: Welcome News for Private Equity

On 18 October, the Houses of the Oireachtas (the Irish Parliament) approved legislation (SI No 388/2018) increasing substantially the financial thresholds at and above which mandatory notification of a transaction is required to the Competition and Consumer Protection Commission (CCPC) in Ireland. From 1 January 2019, only mergers where the acquirer and target each generate €10 million (or more) and together generate €60 million (or more) of turnover in Ireland will trigger mandatory notification.

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