Target(s)
- PMI Australia
Summary
QBE Insurance Group Ltd proposes to acquire PMI Australia.Market definition
The ACCC did not consider it necessary to reach a definitive view on market definition but is of the view that there are likely to be a range of markets for different insurance products.Competition analysis
The ACCC formed the view that the acquisition was unlikely to substantially lessen competition in the relevant markets. Factors informing this conclusion included:- there was minimal overlap between the operations of the merger parties; and
- the acquisition would not provide QBE Insurance Group Ltd with the ability to foreclose competitors in the relevant markets for insurance products.
Timeline
| Date | Event |
|---|---|
| 18/08/2008 | ACCC commenced review under the Merger Review Process Guidelines. |
| 29/08/2008 | Closing date for submissions from interested parties. |
| 01/09/2008 | ACCC announced it would not oppose the proposed acquisition. |