Hutchison Port Holdings Limited - proposed acquisition of the right to operate the third container terminal at Port Botany
Type of assessment
Informal Review
Reference
40214
Acquirer(s)
Hutchison Port Holdings Limited
Target(s)
Third container terminal (T3) at Port Botany
Industry
Stevedoring services
Summary
On 18 December 2009 the NSW State Government announced that Hutchison Port Holdings (HPH) had been appointed as the operator of the new Third container terminal (T3) at Port Botany.
Outcome of assessment
Not opposed
Total review days *
16
Commenced public review
5th January 2010
Date completed
27th January 2010
Market definition
The ACCC considered the proposed acquisition in the context of a market for container stevedoring services. However, the ACCC did not consider it necessary to reach a definitive view on the geographic aspect of the market.
Competition analysis
In reaching the decision not to oppose the proposed acquisition, the ACCC noted that HPH did not have stevedoring or related operations in Port Botany, and that the entry of HPH would add an extra competitor at Port Botany.
Review timeline
Date
Event
5th January 2010
ACCC commenced review under the Merger Review Process Guidelines.
20th January 2010
Closing date for submissions from interested parties.
27th January 2010
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.
