Aberdeen Asset Management PLC - proposed acquisition of several asset management businesses from Deutsche Australia Ltd

Acquirer(s)

  • Aberdeen Asset Management PLC

Target(s)

  • Deutsche Australia Ltd

Summary

Aberdeen proposes to acquire several asset management businesses from Deutsche Australia Ltd.

Market definition

This matter was considered within the context of an Australian market for funds management.

Competition analysis

On 16 April 2007, the ACCC formed the view that the proposed acquisition was unlikely to result in a substantial lessening of competition in the relevant market. Factors informing this conclusion included:

-the merged business will have a relatively small market share within the context of the Australian market for funds management, and
-a large number of competitors of varying sizes will remain.

Timeline

DateEvent
03/04/2007ACCC commenced review under the Merger Review Process Guidelines.
11/04/2007Closing date for submissions relating to proposed acquisition
16/04/2007ACCC announced findings