Caltex Australia Limited - proposed acquisition of the retail assets of Mobil Oil Australia Pty Ltd

Acquirer(s)

  • Caltex Australia Limited

Target(s)

  • Mobil Oil Australia Pty Ltd

Summary

Market definition

Please refer to attached Public Competition Assessment.

Competition analysis

Please refer to attached Public Competition Assessment.

Statement of issues

Document title Date

Public competition assessment

Document title Date

Timeline

DateEvent
27/05/2009Caltex announced that it had entered into an agreement to acquire 302 Mobil service station sites located in metropolitan areas in South Australia and along the east coast of Australia.
09/06/2009ACCC commenced review under the Merger Review Process Guidelines.
03/07/2009Closing date for submissions from interested parties, consumers and market participants.
10/07/2009ACCC requested further information from Caltex. ACCC timeline suspended.
14/08/2009Caltex responded to the ACCC's information requested of 10 July 2009. ACCC timeline recommenced.
02/09/2009ACCC published a Statement of Issues outlining preliminary competition concerns. Former proposed date for announcement of ACCC's findings deferred to allow for submissions relating to Statement of Issues.
16/09/2009Closing date for submissions relating to Statement of Issues.
30/09/2009Former proposed date for announcement of ACCC's findings of 7 October 2009 deferred in response to a request by Caltex to allow it additional time to provide further information to the ACCC. ACCC timeline suspended pending receipt of this information.
20/10/2009Further information provided by Caltex. ACCC timeline recommenced.
10/11/2009Former proposed date for announcement of ACCC's findings of 11 November 2009, amended in response to a request by Caltex to allow it additional time to provide further information to the ACCC and to allow the ACCC to consider the information.
02/12/2009ACCC announced that it would oppose the proposed acquisition.