Acquirer(s)
- Santos Limited
Target(s)
- Queensland Gas Company Limited
Market definition
See detailed public competition assessment below.Competition analysis
See detailed public competition assessment below.Other
Statement of issues
| Document title | Date | |
|---|---|---|
| ACCC Statement of Issues |
Public competition assessment
| Document title | Date | |
|---|---|---|
| Public Competition Assessment |
Undertakings
| Document title | Date | |
|---|---|---|
| Draft 87B Undertakings proposed by Santos |
Timeline
| Date | Event |
|---|---|
ACCC commenced public review under the Merger Review Process Guidelines. |
|
Market inquiries commenced. |
|
ACCC published a Statement of Issues outlining preliminary competition concerns. |
|
Closing date for submissions from interested parties. |
|
ACCC requested further information from Santos. ACCC timeline suspended. |
|
Proposed date for announcement of ACCC's findings delayed to allow consultation on Statement of Issues. |
|
Proposed date for announcement of ACCC's findings delayed pending further information from Santos. |
|
ACCC received further information from Santos. ACCC timeline recommenced. |
|
Santos announces a new takeover proposal for QGC and that it will let the previous takeover proposal lapse. |
|
Proposed date for announcement of ACCC's findings. In light of Santos' new proposal the ACCC announced that it would not be making a formal decision on the previous takeover proposal. |
|
ACCC establishes a timeline for market inquiries in relation to Santos' new proposal. |
|
Closing date for submissions from interested parties in relation to the new proposal. Submissions must be received by 9:00 a.m. |
|
ACCC announced its decision to oppose the proposed acquisition. |