Mergers

ACCC will not oppose Transurban consortium WestConnex bid following undertaking

Sydney Transport Partners’ proposed acquisition of the majority interest in the WestConnex project won’t be opposed by the ACCC following the acceptance of court-enforceable undertakings. The undertakings require Transurban to publish important traffic data that will assist all bidders to compete for future toll road concessions.

Sydney Transport Partners is a consortium led by Transurban Limited (ASX: TCL).

ACCC will not oppose outdoor advertising deals

The ACCC announced today that it will not oppose the proposed acquisition of APN Outdoor Group Limited (ASX: APO) by JCDecaux SA or the proposed acquisition of Adshel Street Furniture Pty Ltd by oOh!media Limited (ASX: OML). The ACCC has been reviewing both acquisitions in the out-of-home advertising sector.

Out-of-home advertising, also known as “outdoor advertising”, includes advertising on billboards on the side of roads, on street furniture such as bus shelters and tram stops, on trains and buses, at train stations and leisure centres, and in airports and shopping malls.

ACCC to consult on Transurban data offer

The ACCC has today commenced consultation on a proposed undertaking offered by Transurban Limited (ASX: TCL), the lead member of the Sydney Transport Partners consortium proposing to acquire the majority interest in the WestConnex motorway.

In the proposed undertaking, Transurban agrees to publish detailed toll traffic data for all toll roads in New South Wales in which it holds an interest. This data is more detailed and accurate than data that is currently available or has been shared with the bidders for WestConnex.

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.