Acquirer: Sydney Credit Union Ltd; Target: Parkes District Credit Union Limited

Acquirer(s)

  • Sydney Credit Union Ltd

Target(s)

  • Parkes District Credit Union Limited

Summary

By letter dated 5 July 2004, APRA informed the ACCC of the proposed transfer of the entire business of Parkes District Credit Union Limited to Sydney Credit Union Limited.

Market definition

For competition assessment purposes, the relevant product market in this instance was treated as a broadly defined market for financial services.

Competition analysis

The ACCC's concentration thresholds are not crossed.

Merger type

Asset Sale

Guidelines thresholds

Below

Imports above 10%

No

Initiation

Other

ANZSIC code

7323