JSC Atomredmetzoloto - proposed acquisition of shares in Uranium One Inc

Acquirer(s)

  • JSC Atomredmetzoloto

Target(s)

  • Uranium One Inc

Summary

JSC Atomredmetzoloto (JSCA) proposed to acquire an interest of up to 19.95% in Uranium One Inc (U1).

Market definition

The ACCC considered it unnecessary to define a relevant market.

Competition analysis

As the activities of JSCA and U1 did not overlap in Australia, the ACCC considered that the proposed acquisition was unlikely to substantially lessen competition in any relevant Australian markets.

Timeline

DateEvent
21/07/2009ACCC commenced review under Merger Review Process Guidelines.
12/08/2009ACCC announced it would not oppose the proposed acquisition.