Nestle Australia Ltd - proposed acquisition of Novartis Australia's medical nutrition business

Acquirer(s)

  • Nestle Australia Ltd

Target(s)

  • Novartis Australia's medical nutrition business

Summary

Nestle Australia Ltd proposes to acquire Novartis Australia's medical nutrition business.

Competition analysis

On the information available to the ACCC, there appeared to be no significant overlap between the products supplied by Nestle and Novartis in Australia. Even if a national market for the supply of milk modifiers was adopted, the proposed acquisition was unlikely to substantially lessen competition particularly given the small increase in Nestle Australia's market share post-acquisition.

Timeline

DateEvent
19/04/2007ACCC commenced review under the Merger Review Process Guidelines.
10/05/2007Closing date for submissions from interested parties.
17/05/2007Proposed date for announcement of ACCC's findings.