Acquirer(s)
- Hancock Queensland Plantations Pty Limited
Target(s)
- Forestry Plantations Queensland Pty Limited
Summary
The Queensland Government announced that it had sold a 99 year licence for the operation of assets of Forestry Plantations Queensland Pty Limited to Hancock Queensland Plantations Pty Limited.Market definition
The ACCC considered the proposed acquisition in the context of:- the market for the supply of softwood timber in Queensland, and
- the market for the supply of hardwood timber in Queensland.
However, the ACCC did not consider it necessary to form a concluded view in relation to market definition.
Competition analysis
The ACCC considered that the proposed acquisition was unlikely to substantially lessen competition in any relevant market given the absence of competitive overlap between the acquirer's existing assets and the acquired assets.Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the proposed acquisition. |