OJSC MMC Norilsk Nickel - proposed acquisition of assets from OMG Kokkola Pty Ltd

Acquirer(s)

  • OJSC MMC Norilsk Nickel

Target(s)

  • OMG Cawse Pty Ltd

Summary

OJSC MMC Norilsk Nickel - proposed acquisition of assets from OMG Kokkola Pty Ltd.

Market definition

The national market for the supply of nickel.

Competition analysis

The assets to be acquired from OMG Kokkola include interests in several Australian nickel mines. These mines are very small relative to both Australian and world nickel production. As the acquisition will lead to only a small increase in Norilsk's share of the national and global nickel markets, and Norilsk will continue to face numerous competitors or varying sizes, it appears unlikely that the acquisition will lead to a substantial lessening of competition.

Timeline

DateEvent
09/02/2007ACCC began informal review.
16/02/2007Closing date for submissions from interested parties
20/02/2007ACCC announced decision not to oppose the merger