Pacific National - proposed acquisition of certain assets and interests of Glencore Rail

Acquirer(s)

  • Pacific National Pty Ltd

Target(s)

  • Glencore Rail (NSW) Pty Ltd

Statement of issues

Timeline

DateEvent
15/08/2016ACCC commenced review under the Merger Process Guidelines.
19/08/2016ACCC requested further information from Pacific National.
26/08/2016Closing date for submissions. ACCC assessing information provided during market inquiries and consulting with merger parties on any relevant issues or concerns arising.
31/08/2016ACCC received further information from Pacific National.
06/10/2016ACCC published a Statement of Issues outlining preliminary competition concerns.
21/10/2016Following an announcement by Glencore that it had reached an agreement to sell GRail to Genesee & Wyoming Australia, the ACCC discontinued this review.