Cargill Australia Ltd - proposed acquisition of Goodman Fielder's commercial fats and oils business

Acquirer(s)

  • Cargill Australia Ltd

Target(s)

  • Goodman Fielder's commercial fats and oils business

Summary

Cargill proposed to acquire Goodman Fielder's commercial edible fats and oils business. The proposed acquisition included four refining facilities for fats and oils, and a long term supply agreement under which Cargill would supply refined fats and oils products to Goodman Fielder.

Market definition

Please see attached Public Competition Assessment

Competition analysis

Please see attached Public Competition Assessment

Statement of issues

Document title Date

Public competition assessment

Document title Date

Timeline

DateEvent
10/12/2009ACCC commenced review under the Merger Review Process Guidelines.
22/01/2010Closing date for submissions from interested parties.
18/02/2010ACCC published a Statement of Issues outlining preliminary competition concerns.
24/02/2010Former proposed date for announcement of ACCC's findings, amended to allow for Statement of Issues.
04/03/2010Closing date for submissions relating to Statement of Issues.
11/03/2010Former proposed date for announcement of ACCC's findings of 18 March 2010 amended to allow for consideration of further information provided by the merger parties and market participants and allow for any necessary additional inquiries.
31/03/2010ACCC announced it would oppose the proposed acquisition.