Acquirer(s)
- Linde AG
Target(s)
- Auscom Holdings Pty Limited
Summary
Linde AG, through its subsidiary BOC Ltd, has acquired from AGL Energy Ltd its 50% shareholding in Auscom Holdings Pty LtdMarket definition
The ACCC considered the competitive effects of the completed acquisition in the context of state based markets for the production, supply, wholesale and retail of:- traditional LPG; and
- autogas.
Competition analysis
The ACCC considered that the completed acquisition was unlikely to substantially lessen competition in the relevant markets. Factors informing this conclusion included:- that the completed acquisition was unlikely to change the competitive dynamic that existed pre-acquisition;
- that there were strong incentives post-acquisition to maintain supply to downstream competitors; and
- competitors existed that would continue to provide alternative supply options for customers.
Timeline
| Date | Event |
|---|---|
Linde AG acquired the remaining 50% interest in Auscom Holdings Pty Ltd. |
|
ACCC commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the acquisition. |