Acquirer(s)
- Spirit Super and Palisade Investment Partners Consortium
Target(s)
- Port of Geelong
Summary
A consortium of investors comprised of Spirit Superannuation, Commonwealth Superannuation Corporation (CSC) and the Diversified Infrastructure Fund managed by Palisade Investment Partners (Palisade) (together, the Consortium) proposes to acquire 100% of the Port of Geelong, a freehold diversified bulk commodity port in Victoria.
Consortium members hold interests in other diversified bulk commodity ports in the region. Investors managed by Palisade wholly own and operate the Port of Portland in south west Victoria. Spirit Superannuation has a minority interest in Flinders Ports, which owns and operates seven ports across South Australia, including container and bulk ports.
Market inquiries
| Document title | Date | |
|---|---|---|
| Consortium acquisition of the Port of Geelong Market Inquiries Letter |
Statement of issues
Timeline
| Date | Event |
|---|---|
ACCC commenced informal review under the Informal Merger Review Process Guidelines. |
|
ACCC published a Statement of Issues outlining preliminary competition concerns. |
|
Closing date for submissions relating to Statement of Issues. |
|
Timeline suspended pending receipt of further information. Former provisional decision date for announcement of ACCC's findings (9 June 2022) is delayed. ACCC will announce a proposed decision date in due course. |
|
ACCC received further information from the parties. Timeline recommenced. |
|
Timeline suspended pending receipt of further information from the parties. Former provisional date for announcement of findings (28 July 2022) is delayed. |
|
ACCC discontinued its public review after the Consortium withdrew its application for informal clearance. |