Commonwealth Bank of Australia - proposed acquisition of BankWest and St Andrew's Australia

Type of assessment

Informal Review

Reference

34568

Acquirer(s)

Commonwealth Bank of Australia

Target(s)

St Andrews Australia Pty Ltd
Bank of Western Australia Limited

Industry

Banking

Outcome of assessment

Not opposed

Total review days *

Commenced public review

20^th October 2008

Date completed

10^th December 2008

Market definition

Refer to attached Public Competition Assessment.

Competition analysis

Refer to attached Public Competition Assessment.

Public competition assessment

Related media releases

ACCC not to oppose Commonwealth Bank of Australia's proposed acquisition of Bank of Western Australia Ltd
The Australian Competition and Consumer Commission will not oppose the proposed acquisition of Ba...
Issued: 10^th December 2008 Release # MR 347/08

Review timeline

Date	Event
20^th October 2008	ACCC commenced review under the Merger Review Process Guidelines.
22^nd October 2008	ACCC requested further information from Commonwealth Bank of Australia. ACCC timeline suspended.
10^th November 2008	Closing date for submissions from interested parties.
11^th November 2008	ACCC received further information from Commonwealth Bank of Australia. ACCC timeline recommenced.
10^th December 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.

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