Victorian Livestock Exchange Limited - acquisition of Sale and Korumburra Saleyard businesses and Yarram saleyard property in the Gippsland region

Type of assessment

Informal Review

Reference

23669

Acquirer(s)

Victorian Livestock Exchange Limited

Target(s)

Sale Livestock Exchange
Korumburra South Gippsland Regional Saleyard
Yarram Saleyard Property

Industry

Saleyards

Outcome of assessment

Not opposed

Total review days *

Commenced public review

21^st February 2006

Date completed

23^rd August 2006

Market definition

Market definition contained in Public Competition Assessment below.

Competition analysis

Detailed competition analysis contained in Public Competition Assessment below.

Public competition assessment

Statement of issues

Related media releases

ACCC not to oppose the acquisition of Gippsland saleyards by Victorian Livestock Exchange
The Australian Competition and Consumer Commission will not oppose recent saleyard acquisitions b...
Issued: 23^rd August 2006 Release # MR 188/06

Review timeline

Date	Event
21^st February 2006	ACCC received initial submission from VLE
9^th March 2006	ACCC timeline suspended pending receipt of further information from VLE to constitute a full submission
28^th March 2006	Market inquiries commenced
11^th April 2006	Closing date for submissions from interested parties
13^th June 2006	Full submission received from VLE. ACCC commenced review under Merger Review Process Guidelines.
15^th June 2006	ACCC released a Statement of Issues
30^th June 2006	Closing date for submissions from interested parties on the Statement of Issues
4^th July 2006	ACCC timeline suspended pending receipt of a response to the ACCC's Statement of Issues from VLE expected on 31 July 2006.
28^th July 2006	Decision date postponed to allow for VLE's response to ACCC's Statement of Issues
1^st August 2006	ACCC received response to the Statement of Issues from VLE
23^rd August 2006	ACCC announced it would not oppose the acquisition

* Total Review days = Total business days less public holidays and time during which the review was suspended.

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