The ACCC announced today that it intends to oppose the proposed acquisition of Mobil Oil Australi...
Issued: 2nd December 2009 Release # NR 296/09
Review timeline
Date
Event
27th May 2009
Caltex announced that it had entered into an agreement to acquire 302 Mobil service station sites located in metropolitan areas in South Australia and along the east coast of Australia.
9th June 2009
ACCC commenced review under the Merger Review Process Guidelines.
3rd July 2009
Closing date for submissions from interested parties, consumers and market participants.
10th July 2009
ACCC requested further information from Caltex. ACCC timeline suspended.
14th August 2009
Caltex responded to the ACCC's information requested of 10 July 2009. ACCC timeline recommenced.
2nd September 2009
ACCC published a Statement of Issues outlining preliminary competition concerns. Former proposed date for announcement of ACCC's findings deferred to allow for submissions relating to Statement of Issues.
16th September 2009
Closing date for submissions relating to Statement of Issues.
30th September 2009
Former proposed date for announcement of ACCC's findings of 7 October 2009 deferred in response to a request by Caltex to allow it additional time to provide further information to the ACCC. ACCC timeline suspended pending receipt of this information.
20th October 2009
Further information provided by Caltex. ACCC timeline recommenced.
10th November 2009
Former proposed date for announcement of ACCC's findings of 11 November 2009, amended in response to a request by Caltex to allow it additional time to provide further information to the ACCC and to allow the ACCC to consider the information.
2nd December 2009
ACCC announced that it would oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
