SembSITA Australia Pty Limited - proposed acquisition of Australian waste management operations of Thiess Services Pty Ltd

Acquirer(s)

  • SembSITA Australia Pty Limited

Target(s)

  • Australian waste management operations of Thiess Services Pty Ltd

Undertakings

Document title Date

Timeline

DateEvent
10/05/2012The ACCC commenced a review under the Merger Review Process Guidelines. SITA has requested that the ACCC consider and consult upon an in-principle divestiture proposal whereby it would divest its 50 per cent interest in the Springmount JV which it would acquire as a result of the proposed acquisition. Market inquiries regarding the proposed acquisition and in-principle divestiture proposal commenced concurrently.
25/05/2012ACCC requested further information from SembSITA. ACCC timeline suspended and former proposed decision date of 28 June 2012 amended to allow for the parties to respond to ACCC information requests.
30/05/2012ACCC received further information from SembSITA. ACCC timeline recommenced.
31/05/2012Closing date for submissions from interested parties.
12/06/2012Draft 87B undertaking proffered by SembSITA. ACCC commenced market inquiries.
21/06/2012Closing date for submissions relating to draft 87B undertaking.
29/06/2012ACCC discontinued its public review after SembSITA advised that the proposed acquisition would not be proceeding.