Acquirer(s)

  • Perpetual Limited

Target(s)

  • The Trust Company Limited

Market definition

Please refer to the attached Public Competition Assessment.

Competition analysis

Please refer to the attached Public Competition Assessment.

Public competition assessment

Document title Date
Public Competition Assessment

Undertakings

Timeline

Date Event

ACCC commenced review under the Merger Process Guidelines.

Closing date for submissions from interested parties.

ACCC timeline suspended to allow Perpetual Limited to provide further information. Former proposed decision date of 11 July 2013 delayed.

ACCC received further information from Perpetual Limited.

ACCC published a Statement of Issues outlining preliminary competition concerns.

Closing date for submissions relating to Statement of Issues.

ACCC announced it would not oppose the proposed acquisition, subject to a section 87B undertaking accepted by ACCC.