- Hume Forests Ltd
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.
|03/08/2022||ACCC commenced review under the Merger Process Guidelines.|
|17/08/2022||Closing date for submissions.|
|12/09/2022||Timeline 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.|
|30/09/2022||ACCC received further information. Timeline recommenced.|
|20/10/2022||ACCC published a Statement of Issues outlining preliminary competition concerns.|
|03/11/2022||Closing date for submissions relating to Statement of Issues.|
|16/11/2022||Timeline 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.|
|14/12/2022||ACCC discontinued its public review after Forestry Corporation of NSW withdrew its application for informal merger clearance.|