Acquirer: Ancient Order of Foresters in Victoria Freindly Society Limited; Target: Independent Mutual Friendly Society Ltd

Acquirer(s)

  • Ancient Order of Foresters in Victoria Freindly Society Limited

Target(s)

  • Independent Mutual Friendly Society Ltd

Summary

On 7 May 2003, the Commission was informed by the Australian Prudential Regulation Authority of the voluntary transfer of all assets and liabilities of the Independent Mutual Friendly Society Limited to the Ancient Order of Foresters in Victoria Friendly Society.

Market definition

savings and investment products

Competition analysis

On 27 May 2003, the Commission decided not to oppose this merger on the basis that it did not cross any of the Commission's market concentration thresholds for the exercise of market power, and therefore was unlikely to result in a substantial lessening of competition.

Merger type

Horizontal

Guidelines thresholds

Unknown

Imports above 10%

Unknown

Initiation

Other

ANZSIC code

7340