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 |
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ACCC commenced review under the Merger Review Process Guidelines. |
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ACCC announced it would not oppose the proposed acquisition. |