Mergers

ACCC to allow Energizer to acquire Spectrum assets

The ACCC has announced that it will not oppose the proposed acquisition of the global battery and portable lighting business of Spectrum Brands Holdings Inc. (Spectrum) by Energizer Holdings Inc. (Energizer).

Energizer and Spectrum are both global companies that supply consumer batteries and portable lighting devices. Spectrum’s main consumer battery brand in Australia is Varta.

ACCC proposes to authorise SA councils' waste collection tender

The ACCC is proposing to grant authorisation to Council Solutions and a group of four Adelaide councils to jointly procure kerbside waste collection services.

The four councils, Adelaide, Charles Sturt, Marion and Port Adelaide Enfield, are seeking authorisation to appoint a single provider to supply kerbside waste collection services to residents in their municipalities.

ACCC takes action against Pacific National and Aurizon

The ACCC has instituted proceedings in the Federal Court against Pacific National and Aurizon (ASX: AZJ), and their related entities, for allegedly reaching an understanding in relation to Aurizon’s intermodal business that had the purpose and/or would be likely to have the effect of substantially lessening competition in the supply of intermodal and steel rail linehaul services.

ACCC extends timeline for WestConnex review

The ACCC has delayed the decision date for its review of Sydney Transport Partners’ proposed acquisition of a majority interest in the WestConnex project. Sydney Transport Partners is a consortium led by Transurban Limited (ASX: TCL).

The decision date for this review was 19 July 2018 and this has been delayed to 6 September 2018 to allow the ACCC sufficient time to consider the competition issues relating to the proposed acquisition.

ACCC concerned about Transurban's interest in WestConnex

The ACCC has today raised preliminary competition concerns about Sydney Transport Partners’ proposed acquisition of a majority interest in the WestConnex project. Sydney Transport Partners is a consortium led by Transurban (ASX: TCL).

The ACCC has today published a statement of issues, outlining preliminary views on the likely impact of the proposed acquisition.

Transurban controls 15 of 19 toll road concessions in Australia, and seven of the nine existing concessions in New South Wales.

ACCC will not oppose waste industry acquisition

The ACCC has announced that it will not oppose the proposed acquisition of Tox Free Solutions Ltd (Tox Free) (ASX: TOX) by Cleanaway Waste Management Limited (Cleanaway) (ASX: CWY).

Cleanaway and Tox Free both supply waste management services, including the collection, treatment and disposal of municipal, commercial and industrial, liquid, hazardous and medical waste. They also provide various types of industrial services.

ACCC won’t oppose Zodiac and Fluidra deal

The ACCC will not oppose the proposed merger of Piscine Luxembourg Holdings (Zodiac) and Fluidra, S.A. (Fluidra).

Zodiac and Fluidra are global companies supplying residential swimming pool equipment in Australia. Combined, they would have a significant Australian market share in some products such as pool pumps, filters, water treatment, cleaners and automation systems.

However, the ACCC considered that remaining competitors would provide sufficient competitive constraint following the merger.