Caltex Australia Petroleum Pty Ltd - proposed acquisition of assets from Milemaker Petroleum

Acquirer(s)

  • Caltex Australia Petroleum Pty Ltd

Target(s)

  • Milemaker Petroleum

Summary

Caltex proposes to acquire certain assets relating to 46 retail service stations in Victoria from Milemaker Petroleum.

Market definition

Please refer to the Public Competition Assessment.

Competition analysis

Please refer to the Public Competition Assessment.

Statement of issues

Document title Date

Public competition assessment

Document title Date

Timeline

DateEvent
17/11/2016ACCC commenced review under the Merger Process Guidelines.
15/12/2016Closing date for submissions.
25/01/2017Former provisional decision date of 16 February 2017 delayed due to delays in receiving information from the parties.
01/03/2017Former proposed decision date of 2 March 2017 delayed to allow the parties to provide additional information.
02/03/2017Former proposed decision date of 3 March 2017 delayed to allow the parties to provide additional information.
16/03/2017ACCC published a Statement of Issues outlining preliminary competition concerns.
30/03/2017Closing date for submissions relating to Statement of Issues.
18/04/2017Former proposed decision date of 20 April 2017 delayed to allow the ACCC to consider additional information provided by the parties.
04/05/2017ACCC announced it would not oppose the proposed acquisition.
During the course of the review the ACCC also made a number of document and information requests to Caltex and Milemaker that are not separately identified in the entries above. Collectively, the parties took 70 business days to respond to these other requests.