Acquirer(s)

  • AXA Asia Pacific Holdings Limited

Target(s)

  • IPAC Securities Ltd

Summary

Proposed acquisition of IPAC Securities by AXA Asia Pacific Holdings.

Market definition

Retail assets under management.

Competition analysis

The proposed acquisition will not cross any of the Commission's concentration thresholds for the exercise of market power. On this basis, it was concluded that the proposed acquisition was unlikely to constitute a substantial lessening of competition.

Merger type

Horizontal

Guidelines thresholds

Below

Imports above 10%

Unknown

Initiation

FIRB

ANZSIC code

7340