Kirin Holdings Company - proposed acquisition of outstanding shares in Lion Nathan Limited

Acquirer(s)

  • Kirin Holdings Company

Target(s)

  • Lion Nathan Limited

Summary

Kirin proposed to acquire all of the outstanding shares (approximately 54%) in Lion Nathan.

Market definition

The ACCC noted that there was no significant product overlap between the two parties in Australia.

Competition analysis

The ACCC considered that the proposed acquisition was unlikely to result in a substantial lessening of competition in any relevant market. In reaching this conclusion, the ACCC considered that the merged entity would be competitively constrained by existing effective competitors.

Timeline

DateEvent
19/05/2009ACCC commenced review under the Merger Review Process Guidelines.
09/06/2009Closing date for submissions from interested parties.
26/06/2009ACCC announced it would not oppose the proposed acquisition.