Commonwealth Bank of Australia - proposed acquisition of remaining issued capital of Aussie Home Loans
Type of assessment
Informal Review
Reference
50476
Acquirer(s)
Commonwealth Bank of Australia
Target(s)
Aussie Home Loans
Industry
Home Loans distribution
Summary
The Commonwealth Bank of Australia (CBA) proposes to acquire the remaining 67% interest in Aussie Home Loans (AHL) that it does not already own in 2 stages. CBA proposes to initially acquire an additional 47% in AHL with the right to acquire the remaining 20%, to be exercised on or before 31 August 2018, and which CBA intends to exercise.
Market inquiries have now closed. Queries regarding the ACCC's review can be addressed to Mark Rakers or Lauren Roy at mergers@accc.gov.au
Word version 11th January 2013 MER13+324.doc (214.2 KB)
Commonwealth Bank Aussie Home Loans - market inquiries letter - 11 January 2013 11th January 2013 MER13+448.pdf (144.0 KB)
Indicative timeline
Date
Event
11th January 2013
ACCC commenced review under the Merger Review Process Guidelines.
31st January 2013
Closing date for submissions from interested parties.
8th February 2013
ACCC requested further information from the merger parties. ACCC timeline suspended. Former proposed decision date of 7 March 2013 delayed to allow provision of requested information. ACCC will announce a new decision date in due course.
