Elgas Limited - proposed acquisition of Wesfarmers Kleenheat Gas Pty Ltd's east coast LPG assets

Acquirer(s)

  • Elgas Limited

Target(s)

  • Wesfarmers Kleenheat Gas Pty Ltd's east coast LPG assets

Summary

Elgas Limited proposed to acquire all of Kleenheat Gas Pty Ltd's east coast assets for the marketing and distribution of LPG.

Market definition

Please refer to the Public Competition Assessment.

Competition analysis

Please refer to the Public Competition Assessment.

Timeline

DateEvent
10/04/2014ACCC commenced review under the Merger Process Guidelines.
17/04/2014ACCC requested further information from the merger parties.
01/05/2014Closing date for submissions from interested parties.
09/05/2014ACCC received information from the merger parties.
05/06/2014ACCC published a Statement of Issues outlining preliminary competition concerns.
26/06/2014Closing date for submissions relating to Statement of Issues.
27/06/2014ACCC requested further information from the merger parties.
18/07/2014ACCC received information from the merger parties.
21/07/2014Former proposed date for announcement of final decision (24th July) is delayed to allow the ACCC to consider information provided by the merger parties.
14/08/2014ACCC requested further information from the merger parties. Former proposed date for announcement of ACCC's final decision (28th August) delayed to allow the merger parties time to provide additional information.
19/08/2014ACCC received further information from the merger parties.
26/08/2014Former proposed decision date of 4 September delayed at request of vendor to allow vendor to provide more information in response to issues raised by the ACCC.
29/08/2014ACCC received further information from vendor. Former proposed decision date of 11 September delayed at request of acquirer to allow more time for the acquirer to provide additional information.
05/12/2014Elgas offered a s87B undertaking to the ACCC.
08/12/2014ACCC commenced market inquiries in relation to proposed s87B undertaking offered by Elgas.
12/12/2014Closing date for submissions from interested parties in relation to proposed s87B undertaking offered by Elgas.
18/12/2014ACCC announced it would not oppose the proposed acquisition, subject to section 87B undertakings accepted by ACCC.