United Petroleum Pty Ltd - acquisition of Hastings Fuel Import Terminal from Trafigura Services Australia Pty Ltd
Type of assessment
Informal Review
Reference
30647
Acquirer(s)
United Petroleum Pty Ltd
Target(s)
Trafigura Services Australia Pty Ltd
Industry
Petroleum, fuel storage terminals
Summary
On 5 December 2007, United Petroleum Pty Ltd purchased the Western Port (Hastings) fuel terminal assets from Trafigura Services Australia.
Outcome of assessment
Not opposed
Total review days *
19
Commenced public review
30th January 2008
Date completed
25th February 2008
Market definition
The ACCC considered the following relevant markets:
- the national market for the refining and importing of fuel;
- the Victorian market for the wholesale supply of fuel; and
- the Victorian market for the retail supply of fuel.
Competition analysis
The ACCC formed the view that the acquisition was unlikely to substantially lessen competition in the relevant markets. In reaching this view, the ACCC considered the constraint posed by the other major petroleum companies in the relevant markets.
Review timeline
Date
Event
30th January 2008
ACCC commenced review under the Merger Review Process Guidelines.
20th February 2008
Closing date for submissions from interested parties.
26th February 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.
