Mergers

ACCC releases Statement of Issues on proposed acquisition of InterGrain by AGT

The Australian Competition and Consumer Commission has issued a Statement of Issues expressing initial concerns about the proposed acquisition of InterGrain Pty Ltd by Australian Grain Technologies Pty Ltd (AGT).

The ACCC’s preliminary view is that the proposed acquisition may substantially lessen competition in relation to the breeding and development of barley seed varieties for the Australian market.

“The proposed acquisition would combine the only two significant players in the breeding and development of barley in Australia,” ACCC Commissioner Mick Keogh said.

ACCC won't oppose Healthe Care's proposed acquisition of Pulse Health

The Australian Competition and Consumer Commission has decided not to oppose Healthe Care Australia’s proposed acquisition of Pulse Health (ASX: PHG).

Healthe Care and Pulse Health are both private hospital operators. The ACCC’s review of the proposed acquisition focused on Forster and Taree in the mid-North Coast region in NSW. Healthe Care owns the Mayo Private Hospital in Taree and Pulse Healthe operates the Forster Private Hospital.

ACCC Releases Statement of Issues on Caltex's proposed acquisition of Milemaker

The Australian Competition and Consumer Commission has released a Statement of Issues expressing initial concerns about the proposed acquisition by Caltex Australia Petroleum (ASX:CTX) of a chain of 46 service stations in Victoria from Milemaker Petroleum.

The ACCC’s preliminary view is that the acquisition may substantially lessen competition for the retail supply of petrol in Melbourne.

ACCC releases Statement of Issues on South32 Ltd's proposed acquisition of Metropolitan Collieries Pty Ltd

The Australian Competition and Consumer Commission has issued a Statement of Issues on the proposed acquisition by South32 (ASX:S32) of Metropolitan Collieries (Metropolitan), currently owned by Peabody Energy.

South32 and Metropolitan are two of the largest producers of coking coal in the Illawarra region and the two largest suppliers of coking coal to Australian steelmakers.

ACCC will not oppose PMP-IPMG merger

The Australian Competition and Consumer Commission will not oppose the merger of printers PMP (ASX: PMP) and IPMG.

PMP and IPMG are both suppliers of heatset web offset printing services, which are used to print magazines and advertising catalogues.

“This was a finely balanced decision. While the ACCC considers that the merger is likely to lessen competition, we do not believe that it reaches the threshold of being a substantial lessening of competition,” ACCC Chairman Rod Sims said.

ACCC will not oppose Ruralco’s proposed acquisition of TP Jones

The Australian Competition and Consumer Commission has announced that it will not oppose the proposed acquisition of TP Jones Pty Ltd by Roberts Limited, which is a wholly-owned subsidiary of Ruralco Holdings Limited (ASX: RHL).

Roberts and TP Jones are both rural merchandise retailers based in Tasmania and sell products such as fertiliser, agricultural chemicals, animal health products, and farm merchandise.

ACCC releases Statement of Issues on PMP-IPMG print merger

The Australian Competition and Consumer Commission has released a Statement of Issues expressing initial concerns about the proposed merger between print businesses PMP (ASX:PMP) and IPMG.

The ACCC’s preliminary view is that the merger may substantially lessen competition in the supply of heatset web offset printing, the main method for printing catalogues and magazines.

The ACCC also notes recent consolidation in the sector such as the recent acquisition of Franklin and AIW, which has made IVE a larger competitor.

ACCC will not oppose ChemChina’s proposed acquisition of Syngenta

The Australian Competition and Consumer Commission will not oppose the proposed acquisition by China National Chemical Corporation’s (ChemChina) of Syngenta AG (Syngenta).

ChemChina owns Adama Agricultural Solutions Limited (Adama). In Australia, Adama and Syngenta supply crop protection products such as insecticides, herbicides, and fungicides.