Arc Energy - proposed acquisition of Anzon Australia Limited
Type of assessment
Informal Review
Reference
30084
Acquirer(s)
Arc Energy
Target(s)
Anzon Australia Limited
Industry
Oil and gas
Summary
Arc Energy propose to acquire Anzon Australia Limited
Outcome of assessment
Not opposed
Total review days *
22
Commenced public review
19th December 2007
Date completed
23rd January 2008
Market definition
The ACCC did not consider it necessary to form a view in relation to market definition
Competition analysis
The ACCC noted that the merged entity's production and reserves would be much smaller than rival firms in the region. Primarily for this reason, the ACCC considered that a substantial lessening of competition was unlikely in any market as a result of the acquisition.
Review timeline
Date
Event
19th December 2007
ACCC commenced review under the Merger Review Process Guidelines.
9th January 2008
Closing date for submissions from interested parties.
16th January 2008
Announcement of ACCC's findings delayed by one week to allow merger parties to provide additional information sought by the ACCC.
23rd January 2008
ACCC announced it would not oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
