M/23/035 – Bright Motor City/Certain Assets of Gowan Group
Transaction details
The proposed acquisition by Brightstone Trading Limited, through its wholly-owned subsidiary Bright Motor City Limited, of certain assets of Gowan Motor Retail Group Limited has been cleared by the Competition and Consumer Protection Commission.
Notification date | Decision date |
---|---|
Friday July 28, 2023 | Wednesday, August 30, 2023 |
Parties Involved | Business activities |
---|---|
Bright Motor City Limited | Bright Motor City Limited was recently incorporated in the State and is a wholly-owned subsidiary of Brightstone Trading Limited. Brightstone Trading Limited's subsidiaries are principally involved in the the retail sale of new and demonstration branded passenger cars (such as Ford, Hyundai, VW Commercial Vehicles, Suzuki, SEAT, Cupra and Citroën) and light commercial vehicles. This retail sale includes the supply of intermediary financial services, aftersales services, repair services and the sale of parts and accessories for the above brand-specific vehicles. Furthermore, Brightstone Trading Limited's subsidiaries are involved in the retail sale of pre-owned passenger cars and pre-owned light commercial vehicles. |
Gowan Motor Retail Group Limited | Gowan Motor Retail Group Limited is principally involved in the retail sale of new and demonstration branded passenger cars (such as Peugeot, Opel, KIA and DS Automobiles) and light commercial vehicles. This retail sale includes the supply of intermediary financial services, aftersales services, repair services and the sale of parts and accessories for Peugeot, Opel, KIA and DS Automobiles branded vehicles. Gowan Motor Retail Group Limited also provides aftersales services and supplies spare parts for Citroën and Honda vehicles. Furthermore, Gowan Motor Retail Group Limited is involved in the sale of pre-owned passenger cars and pre-owned light commercial vehicles. |
Economic sector | Media merger |
---|---|
Motor Sector | No |
Submissions from third parties due by: | |
---|---|
Phase 1 | Phase 2 |
Tuesday, August 15, 2023 |
Current status: Completed |
---|
Cleared (Phase 1) |
Authorised Officer Assigned | Contact Details |
---|---|
Marie-Claire Long | Email: marieclairelong@ccpc.ie |
Media enquiries: communications@ccpc.ie