CSR Limited and Boral Limited - proposed clay brick joint venture

Acquirer(s)

  • CSR Ltd

Target(s)

  • Boral Ltd

Summary

CSR Limited and Boral Limited proposed to form a joint venture to combine their brick operations located on the east coast of Australia including operations in New South Wales, Victoria, Queensland, South Australia, Tasmania and the ACT.

Market definition

Please see attached the Public Compestition Assessment.

Competition analysis

Please see attached the Public Compestition Assessment.

Statement of issues

Document title Date

Public competition assessment

Timeline

DateEvent
09/04/2014ACCC commenced review under the Merger Review Process Guidelines.
29/04/2014ACCC requested further information from the joint venture parties.
01/05/2014Closing date for submissions for interested parties.
16/05/2014ACCC requested further information from the joint venture parties. Former proposed decision date of 26 June 2014 delayed to accommodate provision of requested information from the joint venture parties.
26/05/2014ACCC received the joint venture parties' response to its information request of 29 April 2014.
02/06/2014Review suspended at the request of the joint venture parties. The joint venture parties have requested more time to provide additional information to the ACCC (including information requested by the ACCC on 16 May 2014).
12/09/2014ACCC received additional information from the joint venture parties.
16/10/2014ACCC published a Statement of Issues outlining preliminary competition concerns.
06/11/2014Closing date for submissions relating to Statement of Issues.
18/12/2014ACCC announced it would not oppose the proposed joint venture.