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Singapore Power, Babcock and Brown Limited - proposed acquisition of Alinta Ltd


Type of assessment Informal Review
Reference 27058
Acquirer(s)
Babcock and Brown Limited
Singapore Power
Target(s)
Alinta Ltd
Industry Electricity and Gas
Summary
A consortium comprising Singapore Power and Babcock and Brown Limited is proposing to acquire Alinta's assets.
Outcome of assessment Not opposed subject to undertakings
Total review days * 44
Commenced public review 13th June 2007
Date completed 13th August 2007
Market definition
Please refer to the Public Competition Assessment.
Competition analysis
Please refer to the Public Competition Assessment.
Public competition assessment
  • Public Competition Assessments
    19th September 2007
    D07+88144.pdf (119.2 KB)
Undertakings
  • Undertaking offered by Singapore Power International Pte Ltd, Babcock & Brown Infrastructure Limited and Babcock & Brown Investor Services Limited acting in its capacity as trustee of the Babcock & Brown Infrastructure Trust
    13th August 2007
    D07+75112.pdf (1.3 MB)
  • Undertaking offered by Babcock & Brown Infrastructure Limited, Babcock & Brown Investor Services Limited acting in its capacity as trustee of the Babcock & Brown Infrastructure Trust, Babcock & Brown Power Limited and Babcock & Brown Power Services Limited in its capacity as trustee of the Babcock & Brown Power Trust
    13th August 2007
    D07+75183.pdf (1.0 MB)
Other
  • Variation to undertaking accepted on 13 August 2007 from Babcock & Brown Infrastructure Trust, Babcock & Brown Power Limited and Babcock & Brown Power Services Limited in its capacity as trustee of the Babcock & Brown Power Trust.
    13th September 2007
    D08+22028.pdf (59.0 KB)
Related media releases
Review timeline
Date Event
30th March 2007 Alinta announced to ASX recommendation of bid for Alinta by Singapore Power and Babcock & Brown. ACCC commenced public monitoring.
12th June 2007 Draft 87B undertakings and transaction overview released by parties for commencement of ACCC market inquiries.
13th June 2007 ACCC commenced review under the Merger Review Process Guidelines.
25th June 2007 Closing date for submissions from interested parties.
26th June 2007 Former proposed date of 13 July 2007 for announcement of ACCC's findings, amended to seek further submissions.
25th July 2007 ACCC requested further submissions on revised draft undertakings regarding DBNGP from interested parties.
13th August 2007 87B undertaking accepted by ACCC. ACCC decided that it would not intervene pursuant to section 50 of the Trade Practices Act.

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

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