United Petroleum Pty Ltd - acquisition of Hastings Fuel Import Terminal from Trafigura Services Australia Pty Ltd

Acquirer(s)

  • United Petroleum Pty Ltd

Target(s)

  • Trafigura Services Australia Pty Ltd

Summary

On 5 December 2007, United Petroleum Pty Ltd purchased the Western Port (Hastings) fuel terminal assets from Trafigura Services Australia.

Market definition

The ACCC considered the following relevant markets:
- the national market for the refining and importing of fuel;
- the Victorian market for the wholesale supply of fuel; and
- the Victorian market for the retail supply of fuel.

Competition analysis

The ACCC formed the view that the acquisition was unlikely to substantially lessen competition in the relevant markets. In reaching this view, the ACCC considered the constraint posed by the other major petroleum companies in the relevant markets.

Timeline

DateEvent
30/01/2008ACCC commenced review under the Merger Review Process Guidelines.
20/02/2008Closing date for submissions from interested parties.
26/02/2008ACCC announced it would not oppose the proposed acquisition.