Mergers

ACCC to not oppose Archer Daniels Midland acquisition of Graincorp

The Australian Competition and Consumer  Commission has announced that it does not propose to oppose Archer Daniels Midland Company’s (ADM) proposed acquisition of GrainCorp Limited (GrainCorp).

“The ACCC concluded that the proposed acquisition would be unlikely to substantially lessen competition as the merged entity would continue to face competition from a number of sources,” ACCC Chairman Rod Sims said.

ACCC to oppose Woolworths' proposed acquisition of Glenmore Ridge site

The Australian Competition and Consumer Commission today announced it would oppose the proposed acquisition by Woolworths Limited (Woolworths) of a supermarket site at Glenmore Ridge in the suburb of Glenmore Park, New South Wales.

The ACCC concluded that the proposed acquisition would be likely to result in a substantial lessening of local supermarket competition.

ACCC to oppose proposed acquisition of Rafferty's Garden

The Australian Competition and Consumer Commission today announced it will oppose the proposed acquisition of Rafferty’s Garden by Heinz.

Heinz and Rafferty’s Garden are the two largest suppliers of wet and dry infant food in Australia. A merged Heinz/Rafferty’s Garden would have accounted for around 80 per cent of the share of sales in the wet infant food market and around 70 per cent in infant cereals and infant snacks.

Most sales of infant food products occur through the major supermarket chains.

ACCC to not oppose Ruralco's proposed acquisition of Elders Rural Services

The Australian Competition and Consumer Commission has announced that it would not oppose Ruralco’s proposed acquisition of Elders Rural Services Limited.

Ruralco and Elders each operate a national network of agri-product retail outlets, supplying a range of agri-products including fertiliser, agricultural chemicals, animal health products and farm merchandise.

Ruralco and Elders also provide a range of rural services including livestock agency, wool marketing, cattle trading, real estate, water broking/trading and financial services.

Merger guidelines

This publication outlines the analytical and evaluative framework applied by the ACCC when reviewing mergers under the Competition and Consumer Act.

Media merger guidelines 2017

This ACCC paper provides guidance on our approach to media mergers.

ACCC to not oppose Virgin Australia’s proposed acquisition of 60% of Tiger Australia

The Australian Competition and Consumer Commission (ACCC) has announced that it will not oppose the proposed acquisition by Virgin Australia Holdings Limited (Virgin Australia) of 60% of Tiger Airways Australia Pty Ltd (Tiger Australia).

Virgin Australia is the second largest domestic airline operator in Australia, behind the Qantas Group.

ACCC to not oppose CBA’s proposed acquisition of Aussie Home Loans

The Australian Competition and Consumer Commission has announced that it would not oppose the Commonwealth Bank of Australia’s proposed acquisition of the remaining 67% of the issued capital in AHL Holdings Pty Limited (Aussie Home Loans). The Commonwealth Bank already owns 33% of the shares in Aussie Home Loans.

In addition to providing other banking services, Commonwealth Bank supplies home loans directly to consumers and also through indirect lending channels via intermediaries such as mortgage brokers.

ACCC to not oppose acquisition by Nestlé of Pfizer Nutrition

The Australian Competition and Consumer Commission today announced that it would not oppose the proposed acquisition of Pfizer Nutrition, a global infant nutrition business, from Pfizer Inc by Nestlé S.A after accepting a court enforceable undertaking.

The undertaking requires Nestlé to license Pfizer Nutrition’s Australian infant nutrition business’ brand portfolio to an independent purchaser to be approved by the ACCC.