Commonwealth Securities Limited (Commsec) - acquisition of Neville Ward Direct Pty Limited
Summary
Commonwealth Securities Limited (Commsec) - acquisition of Neville Ward Direct Pty Limited
File number
C2006/92
Industry
Investment Services
Outcome
Not Opposed
Date completed
19th April 2006
Merger type
Horizontal
Market definition
National market for fund broking.
Competition analysis
Commsec and Neville Ward Direct both offer an internet based investment information and fund broking service. A large numbers of competitors offer similar services, and the market share of the merged entity is likely to be small. Consequently, the acquisition is unlikely to substantially lessen competition.
