Brookfield consortium - proposed acquisition of Asciano Limited

Acquirer(s)

  • Brookfield consortium

Target(s)

  • Asciano Limited

Statement of issues

Document title Date

Undertakings

Document title Date

Timeline

DateEvent
06/08/2015ACCC commenced review under the Merger Process Guidelines.
04/09/2015Closing date for submissions from interested parties.
15/10/2015ACCC published a Statement of Issues outlining preliminary competition concerns.
04/11/2015Closing date for submissions relating to Statement of Issues.
14/12/2015Former proposed decision date of 17 December 2015 delayed at the request of Brookfield.
22/12/2015ACCC commenced market inquiries on proposed s87B undertakings.
22/01/2016Closing date for submissions relating to the proposed s87B undertakings.
05/02/2016Former proposed decision date of 18 February 2016 delayed to allow for provision of further information from Brookfield and consideration of revised s87B undertakings.
23/02/2016Asciano announced a potential acquisition by a consortium including both Brookfield and Qube Holdings Limited. ACCC timeline suspended.
30/03/2016Following an announcement by Asciano that it had entered into a new binding agreement with Brookfield, Qube and others, the ACCC discontinued this review. The ACCC commenced a review of the new joint proposal to acquire Asciano on 30 March 2016.