Forestry Corporation of NSW - Hume Forests Ltd

Acquirer(s)

  • Forestry Corporation of NSW

Target(s)

  • Hume Forests Ltd

Summary

The Forestry Corporation of NSW (FCNSW) proposes to acquire the assets of Hume Forests Ltd (Hume) from an investment fund advised by Global Forest Partners LP.

The FCNSW is a state-owned corporation appointed to manage environmental conservation, community access, tourism, fire, land management and renewable timber production on behalf of the NSW Government. Hume owns sustainable softwood plantation estates in the Tumut/Tumbarumba and Bathurst/Oberon regions of NSW.  

Statement of issues

Document title Date

Timeline

DateEvent
03/08/2022ACCC commenced review under the Merger Process Guidelines.
17/08/2022Closing date for submissions.
12/09/2022Timeline suspended pending receipt of information. Former provisional date for announcement of ACCC's findings (29 September) is delayed. ACCC will announce a proposed decision date in due course.
30/09/2022ACCC received further information. Timeline recommenced.
20/10/2022ACCC published a Statement of Issues outlining preliminary competition concerns.
03/11/2022Closing date for submissions relating to Statement of Issues.
16/11/2022Timeline suspended pending receipt of information. Former provisional date for announcement of ACCC's findings (27 January 2023) is delayed. The ACCC will announce a proposed decision date in due course.
14/12/2022ACCC discontinued its public review after Forestry Corporation of NSW withdrew its application for informal merger clearance.