The Australian Competition and Consumer Commission has declared the Wattyl/Taubmans paint merger authorisation application 'complex'.
The ACCC said the period for consideration of the authorisation would now be extended to 45 days, with the Commission due to make its draft determination by 17 May.
In deciding to declare the matter complex, the ACCC considered several factors. These included:
issues associated with an evaluation of the claimed public benefits arising from efficiency gains resulting from the merger; and issues associated with the claimed public benefits arising from Australian versus foreign ownership of Australian-based architectural and decorative paint assets.
The ACCC said the period for consideration of the authorisation would now be extended to 45 days, with the Commission due to make its draft determination by 17 May.
In deciding to declare the matter complex, the ACCC considered several factors. These included:
issues associated with an evaluation of the claimed public benefits arising from efficiency gains resulting from the merger; and issues associated with the claimed public benefits arising from Australian versus foreign ownership of Australian-based architectural and decorative paint assets.