Aberdeen Asset Management PLC - proposed acquisition of several asset management businesses from Deutsche Australia Ltd
Type of assessment
Informal Review
Reference
27881
Acquirer(s)
Aberdeen Asset Management PLC
Target(s)
Deutsche Australia Ltd
Industry
Asset management
Summary
Aberdeen proposes to acquire several asset management businesses from Deutsche Australia Ltd.
Outcome of assessment
Not opposed
Total review days *
8
Commenced public review
3rd April 2007
Date completed
16th April 2007
Market definition
This matter was considered within the context of an Australian market for funds management.
Competition analysis
On 16 April 2007, the ACCC formed the view that the proposed acquisition was unlikely to result in a substantial lessening of competition in the relevant market. Factors informing this conclusion included:
-the merged business will have a relatively small market share within the context of the Australian market for funds management, and
-a large number of competitors of varying sizes will remain.
Review timeline
Date
Event
3rd April 2007
ACCC commenced review under the Merger Review Process Guidelines.
11th April 2007
Closing date for submissions relating to proposed acquisition
16th April 2007
ACCC announced findings
* Total Review days = Total business days less public holidays and time during which the review was suspended.
