Spirit Super and Palisade Investment Partners Consortium - Port of Geelong

Acquirer(s)

  • Spirit Super and Palisade Investment Partners Consortium

Target(s)

  • Port of Geelong

Summary

A consortium of investors comprised of Spirit Superannuation, Commonwealth Superannuation Corporation (CSC) and the Diversified Infrastructure Fund managed by Palisade Investment Partners (Palisade) (together, the Consortium) proposes to acquire 100% of the Port of Geelong, a freehold diversified bulk commodity port in Victoria.

Consortium members hold interests in other diversified bulk commodity ports in the region. Investors managed by Palisade wholly own and operate the Port of Portland in south west Victoria. Spirit Superannuation has a minority interest in Flinders Ports, which owns and operates seven ports across South Australia, including container and bulk ports.  

Market inquiries

The ACCC has published a Statement of Issues outlining preliminary competition concerns in relation to the proposed acquisition.

The ACCC invites submissions on its Statement of Issues by close of business on 14 April 2022.

Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title “Submission re: Spirit-Palisade Consortium acquisition of Port of Geelong - attention Emma Moulds / Sidd Sharma".

Following 14 April 2022, queries regarding the ACCC's review may be addressed to Emma Moulds / Sidd Sharma at mergers@accc.gov.au.

Timeline

DateEvent
18/01/2022ACCC commenced informal review under the Informal Merger Review Process Guidelines.
18/01/2022ACCC commenced review under the Merger Process Guidelines.
31/03/2022ACCC published a Statement of Issues outlining preliminary competition concerns.
14/04/2022Closing date for submissions relating to Statement of Issues.
14/04/2022Closing date for submissions relating to Statement of Issues.
09/06/2022Proposed date for announcement of ACCC’s findings.

Project staff

  • Sidd Sharma
  • Emma Moulds

Contact email