Bank of Queensland Limited - proposed acquisition of Mackay Permanent Building Society

Status: 
Completed
Outcome: 
Not opposed on 13 September 2007
Reference number: 
29621
Industry: 
Banking
Commenced: 
13 September 2007
Total review days: 
1 day

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

DateEvent
13/09/2007ACCC commenced review under the Merger Review Process Guidelines.
13/09/2007ACCC announced it would not oppose the proposed acquisition.