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On 21 May 2015 the Australian Competition and Consumer Commission (ACCC) accepted an undertaking pursuant to section 87B of the Competition and Consumer Act 2010 (the Act) given by Novion RE Limited and Novion Limited (Novion) (the Novion undertaking).
On 21 May 2015, the ACCC announced it had accepted undertakings from Federation Centres (Federation) and Novion Property Group (Novion) (the parties) in relation to Federation and Novion’s proposal to merge via a scheme of arrangement (Proposed Merger).