Suncorp Metway Limited - proposed acquisition of Promina Group Ltd

Type of assessment

Informal Review

Reference

25968

Acquirer(s)

Suncorp Metway Limited

Target(s)

Promina Group Ltd

Industry

Insurance and financial services

Outcome of assessment

Not opposed

Total review days *

Commenced public review

26^th October 2006

Date completed

20^th December 2006

Market definition

For detailed market definition, please refer to the Public Competition Assessment below.

Competition analysis

For detailed competition analysis, please refer to the Public Competition Assessment below.

Public competition assessment

Statement of issues

Review timeline

Date	Event
26^th October 2006	ACCC commenced review under the Merger Review Process Guidelines
30^th October 2006	ACCC commences market inquiries
13^th November 2006	Closing date for submissions from interested parties on market inquiries
6^th December 2006	ACCC published a Statement of Issues outlining preliminary competition concerns
13^th December 2006	Closing date for submissions from interested parties on statement of issues
20^th December 2006	ACCC decided not to oppose the proposed acquisition

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

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