Woolworths Limited - proposed acquisition of supermarket site at Glenmore Ridge Village Centre

Acquirer(s)

  • Woolworths Limited

Target(s)

  • supermarket site at Glenmore Ridge Village Centre

Summary

Woolworths Limited proposed to acquire a supermarket site at the Glenmore Ridge Village Centre.

Following a public review, on 6 June 2013 the ACCC announced that it would oppose the acquisition.

Market definition

Please refer to the attached Public Competition Assessment.

Competition analysis

Please refer to the attached Public Competition Assessment.

Timeline

DateEvent
20/06/2012ACCC commenced review under the Merger Review Process Guidelines.
06/07/2012Closing date for submissions from interested parties.
12/07/2012ACCC requested further information from the merger parties. Former proposed decision date of 2 August 2012 delayed. ACCC timeline suspended pending receipt of further information from the merger parties.
16/08/2012ACCC received further information from the merger parties following ACCC's request for information on 12 July 2012. ACCC timeline recommenced.
24/08/2012ACCC timeline suspended because of delays in merger parties responding to additional information requests made previously by the ACCC. Former proposed decision date of 6 September 2012 delayed.
03/09/2012ACCC received further information from merger parties. ACCC timeline recommenced.
20/09/2012ACCC published a Statement of Issues outlining preliminary competition concerns.
04/10/2012Closing date for submissions relating to Statement of Issues.
11/10/2012Awaiting response from merger parties to the Statement of Issues. Request received from Woolworths and Stockland that the ACCC delay its decision date to allow them further time to provide a response. Former proposed decision date of 18 October 2012 delayed.
22/10/2012Responses to the Statement of Issues received from merger parties. ACCC timeline recommenced.
06/11/2012ACCC timeline suspended upon request from Woolworths that the ACCC delay its decision date again to allow it further time to provide additional information. Former proposed decision date of 8 November 2012 delayed.
19/11/2012ACCC received further information from Woolworths.
20/11/2012ACCC notified Woolworths that the information provided on 19 November 2012 was incomplete and requested further information from Woolworths in support.
27/11/2012Proposed decision date of 29 November 2012 delayed pending receipt of complete information from Woolworths supporting the information provided by Woolworths on 19 November 2012.
22/05/2013Complete information received. ACCC timeline recommenced.
06/06/2013ACCC announced it would oppose the proposed acquisition.