Acquirer: Sydney Credit Union Ltd; Target: Parkes District Credit Union Limited
Summary
By letter dated 5 July 2004, APRA informed the ACCC of the proposed transfer of the entire business of Parkes District Credit Union Limited to Sydney Credit Union Limited.
Outcome
Not Opposed
Date completed
13th July 2004
Merger type
Asset Sale
Guidelines thresholds
Below
Imports about 10%
No
Market definition
For competition assessment purposes, the relevant product market in this instance was treated as a broadly defined market for financial services.
Competition analysis
The ACCC's concentration thresholds are not crossed.
