Mergers

ACCC will not oppose Accor's acquisition of Mantra

The ACCC has today announced that it will not oppose the proposed acquisition of Mantra Group Limited (ASX: MTR) (Mantra) by AAPC Limited (Accor).

Accor’s business is mainly focused on hotel-style accommodation and its brands include Sofitel, Novotel, Mercure and ibis. Mantra’s focus is on serviced apartments, which it offers through its Peppers, Art Series, Mantra and Breakfree brands.

ACCC flags concerns about Saputo-Murray Goulburn deal

The ACCC says its concerns around the proposed acquisition of the assets of Murray Goulburn (ASX:MGC) by Saputo are solely in relation to Murray Goulburn’s Koroit dairy plant in western Victoria, in particular the impact the acquisition will have on competition for farmers’ milk in the area.

The ACCC outlined its concerns in a Statement of Issues paper today and is seeking responses from interested parties by 13 March.

ACCC discontinues merger review of Cell Care's acquisition of Cryosite assets

The ACCC has announced that it will not make a decision on whether to grant clearance for Cell Care Australia Pty Ltd’s proposed acquisition of certain assets of Cryosite Limited (ASX: CTE), and will discontinue its public merger review.

Cell Care and Cryosite were the only two providers of private umbilical cord blood and tissue collection, processing, and storage in Australia.

ACCC to oppose BP's acquisition of Woolworths service stations

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.

ACCC won't oppose proposed acquisition of OfficeMax by Platinum Equity

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.