The ACCC will not oppose OneFortyOne Plantations’ proposed acquisition of the Jubilee Highway Sawmill in Mount Gambier from the Carter Holt Harvey Group, which includes the associated woodchip export operations at Portland.
The ACCC has announced today that it intends to oppose the proposed acquisition by B P Australia Pty Ltd of Woolworths Limited’s (ASX:WOW) network of retail service station sites.
Woolworths currently operates 531 sites and has 12 sites in development. BP supplies fuel to approximately 1,400 BP-branded service stations throughout Australia, setting fuel prices at roughly 350 of them.
“We consider that BP acquiring Woolworths’ service stations will be likely to substantially lessen competition in the retail supply of fuel,” ACCC Chairman Rod Sims said.
The ACCC has decided to not oppose the proposed merger of Fox Sports and Foxtel after finding the transaction would not substantially lessen competition.
The ACCC has decided that it will not apply for judicial review of the Australian Competition Tribunal’s determination to grant conditional authorisation to Tabcorp (ASX:TAH) for the proposed acquisition of Tatts Group (ASX:TTS).
The ACCC will not oppose the proposed acquisition of OfficeMax Australia (OfficeMax) by Platinum Equity.
Platinum Equity owns Winc (formerly Staples Australia). Winc and OfficeMax both supply office products to commercial and government customers in Australia.
“Following extensive market inquiries and analysis of documents and data, the ACCC has decided not to oppose this transaction. The ACCC believes the transaction will lessen competition but doesn’t reach the threshold of causing a substantial lessening of competition,” ACCC Chairman Rod Sims said.
The ACCC has raised preliminary competition concerns about Moly-Cop’s proposed acquisition of Donhad.
Moly-Cop and Donhad are the only domestic manufacturers of forged steel grinding media in Australia. These products are primarily used by the mining industry to crush ore to a fine powder, enabling minerals to be extracted.
At the request of BP and Woolworths (ASX: WOW), the ACCC has delayed its consideration of BP’s proposed acquisition of the Woolworths’ retail service station sites so that the ACCC can consider further information from the parties. The expected new decision date is 14 December 2017.
“This is a significant decision for the retail petrol market in Australia. The extension to the consideration period will allow the ACCC to consider further information from the parties,” ACCC Chairman Rod Sims said.
The Australian Competition Tribunal has made its determination granting merger authorisation for Tabcorp to acquire Tatts.
The Full Federal Court had previously set aside an earlier determination from the Tribunal and remitted the matter back to the Tribunal for reconsideration.
The ACCC will not oppose the proposed acquisition of OfficeMax Australia (OfficeMax) by Complete Office Supplies (COS).
COS and OfficeMax both supply office products to commercial and government customers in Australia.
The ACCC focussed on the supply of traditional office products, particularly stationery, to large commercial and government customers.
A valid application for merger authorisation must be in the form approved by the ACCC and accompanied by the relevant fee.