Acquirer(s)

  • Bank of Queensland Limited

Target(s)

  • Mackay Permanent Building Society

Summary

BoQ proposes to acquire MPBS.

Market definition

In any market for banking and/or insurance service, however defined, no substantial lessening of competition is likely due to competition from many other players of various sizes, particularly given the minimal increment in market share as a result of the transaction.

Competition analysis

No substantial lessening of competition is likely due to competition from many other players of various sizes, particularly given the minimal increment in market share as a result of the transaction.

Timeline

Date Event

ACCC commenced review under the Merger Review Process Guidelines.

ACCC announced it would not oppose the proposed acquisition.