The Australian Competition and Consumer Commission today issued a Statement of Issues on the proposed acquisition of St George Bank Limited by Westpac Banking Corporation.
The Statement of Issues seeks further information on certain competition issues which have arisen from the ACCC's market inquiries to date.
The ACCC invites further submissions from the market by 6 August 2008. To allow for submissions in response to the Statement of Issues, the ACCC's final decision date will be deferred until 20 August 2008.
Submissions can be sent by email to the ACCC at: email@example.com.
The Statement of Issues will be available on the public merger register on the ACCC's website, www.accc.gov.au/mergersregister.
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