ACS Actividades de Construccion y Servicios SA - proposed acquisition of Hochtief Aktiengesellschaft
Type of assessment
Informal Review
Reference
43655
Acquirer(s)
ACS Actividades de Construccion y Servicios SA
Target(s)
Hochtief Aktiengesellschaft
Industry
Construction
Summary
ACS currently holds 29.98% interest in Hochtief Aktiengesellschaft and is proposing to increase its interest.
Outcome of assessment
Not opposed
Total review days *
24
Commenced public review
3rd November 2010
Date completed
6th December 2010
Market definition
The ACCC considered the proposed acquisition in the context of the design, construction and operation of water infrastructure; and the design, installation and operation of tolling systems. However, the ACCC did not consider it necessary to form a definitive view on market definition.
Competition analysis
The ACCC concluded that the proposed acquisition would not be likely to substantially lessen competition in any market. In reaching this conclusion, the ACCC had regard to the following factors:
- The minimal overlap between the merger parties; and
- The presence of other competitors.
Review timeline
Date
Event
3rd November 2010
ACCC commenced review under the Merger Review Process Guidelines.
23rd November 2010
Closing date for submissions from interested parties.
6th December 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.
