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

Date Event

ACCC commenced review under the Merger Process Guidelines.

Closing 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.

ACCC received further information from AGL. ACCC amended former provisional date for announcement of findings (30 January 2014).

Former proposed decision date of 5 February 2014 extended to 6 February 2014.

ACCC published a Statement of Issues outlining preliminary competition concerns.

Closing date for submissions relating to Statement of Issues.

Draft s87B Undertaking proffered by AGL.

ACCC commenced market inquiries on draft s87B undertaking.

Closing date for submissions re AGL's draft s87B undertaking.

ACCC announced it would oppose the proposed acquisition.