The ACCC will not oppose Knauf’s proposed acquisitions of USG and Armstrong World Industries after accepting a court-enforceable undertaking from Knauf to divest assets.
The ACCC’s review focused on competition for the supply of plasterboard, joint plaster compounds and treatments, metal profiles, fixed and modular suspended ceilings and insulation.
The ACCC will not oppose the proposed acquisition of Xenith IP Group Limited (ASX: XIP) by IPH Limited (ASX: IPH).
IPH and Xenith are holding companies of intellectual property (IP) businesses, and the proposed acquisition would combine two of the largest suppliers of IP services in Australia.
The ACCC’s investigation of this proposed acquisition examined competition in the supply of Australian IP services, such as patents, trademarks, designs and plant breeder’s rights.
The ACCC will not oppose Lochard Energy’s proposed acquisition of the Heytesbury depleted gas reservoir assets from Origin Energy.
Lochard owns and operates the underground gas storage facility at Iona, near Port Campbell, which is currently the only underground gas storage facility in Victoria.
The Heytesbury assets are depleted gas reservoirs located near the Iona facility, which may have potential for underground gas storage development. Lochard is paying Origin a nominal amount for the assets.
The ACCC will not oppose the proposed merger between QANTM Intellectual Property Limited (ASX: QIP) and Xenith IP Group Limited (ASX: XIP).
QANTM and Xenith are holding companies of intellectual property (IP) businesses and their merger would combine the second and third largest suppliers of IP services in Australia into one group.
The ACCC’s investigation focussed on competition in the supply of Australian IP services, such as patents, trademarks, designs and plant breeder’s rights.
The ACCC will not oppose Bingo’s (ASX: BIN) proposed acquisition of Dial-a-Dump after accepting a court-enforceable undertaking from Bingo to divest its Banksmeadow processing facility.
Bingo and Dial-a-Dump both collect and process building and demolition (B&D) waste in Sydney. Dial-a-Dump also owns a large dry landfill at Eastern Creek and Bingo owns a site at Patons Lane which is expected to open as a dry landfill this year.
The ACCC has decided that it will not oppose DLF Seeds’ proposed acquisition of PGG Wrightson Seeds.
DLF Seeds and PGG Wrightson Seeds are active in Australia in the production and supply of forage seeds, which are used for grazing livestock, and turf seeds.
“Following its investigation, the ACCC found that it is unlikely that the proposed acquisition will result in a substantial lessening of competition in any market,” ACCC Deputy Chair Mick Keogh said.
The ACCC has discontinued its review of the proposed Siemens AG and Alstom S.A. global merger, in light of the European Commission’s (EC) decision to block the transaction and the statements by the merger parties that the deal is off.
The EC’s announcement states that the divestment remedies put forward by the parties were not sufficient to address competition concerns in Europe.
The ACCC is considering whether a proposal by waste company Bingo Industries Limited (Bingo) (ASX: BIN) to divest its eastern Sydney waste processing plant will adequately address the ACCC’s competition concerns about Bingo’s planned acquisition of Dial-a-Dump.
A consultation process, launched today, will seek the views of market participants on whether Bingo’s proposed divestment is likely to address potential competition issues identified by the ACCC.
The ACCC has decided not to oppose Thales S.A.’s proposed acquisition of Gemalto N.V, after accepting a court-enforceable undertaking from Thales to divest part of its business.
French company Thales and Dutch company Gemalto both supply data security products, including enterprise encryption software and hardware security modules (HSM) in Australia.
The ACCC’s investigation focused on the markets for the supply of general purpose (GP) HSMs and payment HSMs.