Hutchison Port Holdings Limited - proposed acquisition of the right to operate the third container terminal at Port Botany

Status: 
Completed
Outcome: 
Not opposed on 27 January 2010
Reference number: 
40214
Industry: 
Stevedoring services
Commenced: 
5 January 2010
Total review days: 
16 days

Acquirer(s)

  • Hutchison Port Holdings Limited

Target(s)

  • Third container terminal (T3) at Port Botany

Summary

On 18 December 2009 the NSW State Government announced that Hutchison Port Holdings (HPH) had been appointed as the operator of the new Third container terminal (T3) at Port Botany.

Market definition

The ACCC considered the proposed acquisition in the context of a market for container stevedoring services. However, the ACCC did not consider it necessary to reach a definitive view on the geographic aspect of the market.

Competition analysis

In reaching the decision not to oppose the proposed acquisition, the ACCC noted that HPH did not have stevedoring or related operations in Port Botany, and that the entry of HPH would add an extra competitor at Port Botany.

Timeline

DateEvent
05/01/2010ACCC commenced review under the Merger Review Process Guidelines.
20/01/2010Closing date for submissions from interested parties.
27/01/2010ACCC announced it would not oppose the proposed acquisition.