AGL Energy Limited - proposed acquisition of Macquarie Generation assets in NSW

Acquirer(s)

  • AGL Energy Limited

Target(s)

  • Macquarie Generation assets

Summary

AGL entered into an agreement with the NSW government to acquire the assets of Macquarie Generation.

Market definition

Please see below.

Competition analysis

This matter was the subject of a merger authorisation application to the Australian Competition Tribunal in 2014 [ACT 1 of 2014]. Please refer to the Australian Competition Tribunal's published decision for further detail's about the ACCC's analysis of this matter.

Timeline

DateEvent
02/12/2013ACCC commenced review under the Merger Process Guidelines.
18/12/2013Closing date for submissions from interested parties. ACCC assessing information provided during market inquiries and consulting with merger parties on any relevant issues or concerns arising.
23/01/2014ACCC received further information from AGL. ACCC amended former provisional date for announcement of findings (30 January 2014).
05/02/2014Former proposed decision date of 5 February 2014 extended to 6 February 2014.
06/02/2014ACCC published a Statement of Issues outlining preliminary competition concerns.
17/02/2014Closing date for submissions relating to Statement of Issues.
18/02/2014Draft s87B Undertaking proffered by AGL.
19/02/2014ACCC commenced market inquiries on draft s87B undertaking.
25/02/2014Closing date for submissions re AGL's draft s87B undertaking.
04/03/2014ACCC announced it would oppose the proposed acquisition.