ACCC consults on Sika's proposed divestiture undertaking

The ACCC is seeking views on a proposed court-enforceable divestiture undertaking offered by Sika in relation to its proposed acquisition of MBCC Group.

Sika and MBCC Group supply construction chemicals and materials including chemical admixtures, fibres and concrete works. Chemical admixtures are an essential component in the production of concrete and cement, used to chemically modify its properties.

Endeavour revises acquisition of four hotels in South Australia

The ACCC will not oppose the proposed acquisitions of the Beach Hotel and Tower Hotel by Endeavour Group Limited (ASX:EDV), after accepting a court-enforceable undertaking offered by Endeavour to divest its BWS Seaford bottle shop.

During the ACCC’s review, Endeavour revised its acquisition proposal and offered to divest the BWS Seaford bottle shop, in order to expedite the ACCC’s review.

Under the revised proposal, Endeavour has also withdrawn its proposal to acquire two other South Australian hotels: the Crown Inn in Old Reynella and the Whitehorse Inn in Bolivar.

ACCC decides not to grant authorisation for Telstra and TPG regional network deal

The ACCC has decided not to authorise proposed regional mobile network arrangements between Telstra Corporation Limited (ASX:TLS and ASX:TL1) and TPG Telecom Limited (ASX:TPG).

Under the statutory test, the ACCC must not grant authorisation unless it is satisfied the proposed arrangements would not be likely to substantially lessen competition, or that the likely public benefits from the arrangements would outweigh the likely public detriments.

Endeavour's proposed acquisition of Beachfront Hotel raises preliminary concerns

The ACCC has outlined preliminary competition concerns with Endeavour Group Limited’s (ASX:EDV) proposed acquisition of the Beachfront Hotel in Rapid Creek, just north of Darwin, in a statement of issues published today.

Endeavour Group has a large number of liquor related assets throughout Australia. It owns BWS stores and Dan Murphy’s stores, and manages over 330 licenced venues. 

Compare the Market’s proposed acquisition of iSelect not opposed

The ACCC will not oppose Innovation Holdings Australia Pty Ltd’s (IHA) proposed acquisition of iSelect Limited (ASX:ISU).

IHA currently owns approximately 26 per cent of shares in iSelect, which it acquired through a series of acquisitions beginning in 2018. IHA is now proposing to acquire the remaining shares in iSelect.

IHA also owns Compare the Market through its related bodies corporate.

Cochlear's proposed acquisition of Oticon Medical raises preliminary competition concerns

The ACCC has outlined significant preliminary competition concerns with Cochlear’s (ASX:COH) proposed acquisition of Oticon Medical in a statement of issues published today.

Cochlear is proposing to acquire shares in and certain assets of Demant’s hearing implants business, Oticon Medical.

Cochlear and Oticon Medical manufacture and supply non-surgical bone conduction devices, surgical bone anchored devices, and cochlear implant hearing devices. These devices are used to treat more advanced hearing loss that typically cannot be managed by hearing aids.

Forestry Corporation of NSW's proposed acquisition of Hume Forest Ltd assets raises preliminary competition concerns

The ACCC has outlined preliminary concerns with Forestry Corporation of New South Wales’ (FCNSW) proposed acquisition of the assets of Hume Forests Ltd (Hume) in a statement of issues published today. Hume is being sold in a competitive bid process.

FCNSW is a state-owned corporation that manages commercial native and plantation forests on behalf of the NSW Government.