Acquirer: Over 50s Mutual Friendly Society Limited; Target: Ancient Order of Foresters in Victoria Freindly Society Limited

Acquirer(s)

  • Over 50s Mutual Friendly Society Limited

Target(s)

  • Ancient Order of Foresters in Victoria Freindly Society Limited

Summary

On 7 November 2003, APRA informed the Commission that the Over 50s Mutual Friendly Society proposed to transfer a part of its business to the Ancient Order of Foresters in Victoria Friendly Society.

Market definition

The market for savings and investment products.

Competition analysis

On 25 November 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

Below

Imports above 10%

No

Initiation

Other

ANZSIC code

7340