Mergers

ACCC to delay consideration of BP's acquisition of Woolworths' service stations

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.

ACCC won't oppose proposed acquisition of OfficeMax by Complete Office Supplies

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.

ACCC won't oppose proposed Essilor and Luxottica merger

The ACCC has decided to not oppose the proposed merger between Essilor International (Essilor) and Luxottica Group S.p.A. (Luxottica).

In Australia, Essilor mainly sells wholesale finished ophthalmic lenses, used to correct visual impairments. Luxottica largely supplies wholesale prescription frames and sunglasses, including such brands as Ray-Ban, Oakley and Prada. Luxottica also has retail outlets, such as OPSM and Laubman & Pank. 

Guidance for Harper reforms

The ACCC has today issued guidelines for consultation on the new misuse of market power, concerted practices and authorisation provisions. These reforms recently passed Parliament and stem from recommendations of the Competition Policy Review

“The ACCC will soon be able to act against concerted practices that substantially lessen competition and take action when a business with a substantial degree of market power has engaged in anti-competitive conduct,” ACCC Chairman Rod Sims said.