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 not to oppose Australian Leisure and Hospitality’s proposed acquisition of the Caringbah Hotel

The Australian Competition and Consumer Commission has announced that it does not propose to intervene in the proposed acquisition by Australian Leisure and Hospitality Group (ALH) and the Laundy Hotel Group of the Caringbah Hotel in NSW.

Woolworths Limited has a direct 75 per cent interest in ALH.

“The ACCC’s view is that this acquisition is unlikely to lead to a substantial lessening of competition in any of the relevant markets,” ACCC chairman Rod Sims said.

ACCC to not oppose Virgin’s proposed acquisition of Skywest

The Australian Competition and Consumer Commission today announced that it would not oppose the proposed acquisition of Skywest Airlines (Australia) Pty Ltd by Virgin Australia Holdings Limited.

Virgin Australia is the second largest airline operator in Australia behind Qantas Group. It currently operates approximately 100 aircraft on approximately 3200 regular passenger transport (RPT) services per week to many Australian and international destinations.

ACCC not to oppose News Corporation's proposed acquisition of Consolidated Media Holdings Limited

The Australian Competition and Consumer Commission today announced that it would not oppose the proposed acquisition by News Corporation of 100 per cent of the shares in Consolidated Media Holdings Limited (CMH).

CMH has a 50 per cent shareholding in FOX SPORTS Australia, which owns 50 per cent of the shares in FOXTEL.

"The ACCC's view is that this acquisition is unlikely to lead to a substantial lessening of competition in any relevant market," ACCC chairman Rod Sims said.

ACCC calls for comment on Gallagher’s proposed acquisition of Country Electronics

The Australian Competition and Consumer Commission today released a Statement of Issues on the proposed acquisition by Gallagher Group of Country Electronics Pty Ltd, trading as Thunderbird.

Thunderbird is a manufacturer and supplier of electric fencing energisers and accessories, animal weigh scales and other animal management products used by farmers in Australia.

“The Statement of Issues seeks further information on certain competition issues, which have arisen from the ACCC's review to date,” ACCC Chairman Rod Sims said.

ACCC calls for comment on Sonic Healthcare's proposed acquisition

The Australian Competition and Consumer Commission today released a Statement of Issues on the proposed acquisition of the pathology businesses of Healthscope Limited in Queensland, NSW, ACT and WA by Sonic Healthcare Limited.

The Statement of Issues seeks further information on certain competition issues which have arisen from the ACCC's review to date.

The ACCC invites further submissions from the market in response to the Statement of Issues by 16 August 2012. As a result, the ACCC's final decision will be deferred until 30 August 2012.

ACCC calls for comment on Virgin’s proposed acquisition of 60% of Tiger

The Australian Competition and Consumer Commission today released a Statement of Issues on the proposed acquisition by Virgin Australia Holdings Limited (Virgin Australia) of 60% of Tiger Airways Australia Pty Ltd (Tiger Australia).

The Statement of Issues sets out the ACCC’s preliminary views and seeks further information on certain competition issues which have arisen from the ACCC's review to date.

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

ACCC calls for comment on Nestle’s proposed acquisition of Pfizer nutrition

The Australian Competition and Consumer Commission today released a Statement of Issues on Nestlé’s proposed acquisition of Pfizer Nutrition.

The Statement of Issues seeks further information on certain competition issues which have arisen from the ACCC's review to date as well as the broad principles of a proposed remedy offered by Nestlé to address potential competition concerns which may arise as a result of the proposed acquisition.