Mergers

ACCC will not oppose Qube acquisition of AAT

The Australian Competition and Consumer Commission has accepted court-enforceable undertakings that will allow the proposed acquisition by Qube Holdings Limited (Qube) (ASX: QUB) of the remaining 50 per cent of Australian Amalgamated Terminals Pty Ltd (AAT).

Qube already owns 50 per cent of AAT and is acquiring the further stake from Brookfield Infrastructure Partners LP (Brookfield) and a group of global investment funds.

ACCC releases statement of issues on proposed merger of Dow and DuPont

The Australian Competition and Consumer Commission has issued a Statement of Issues on the proposed merger of The Dow Chemical Company (Dow) and E.l. Du Pont de Nemours and Company (DuPont).

“The ACCC is concerned about the effect that the proposed merger may have on competition for a diverse range of products, including insecticides, seeds, and materials science products,” ACCC Chairman Rod Sims said.

ACCC will not oppose Tabcorp’s proposed acquisition of Intecq

The Australian Competition and Consumer Commission will not oppose Tabcorp Holdings Limited’s (ASX:TAH) proposed acquisition of Intecq Limited (ASX:ITQ).

The ACCC review focussed on the supply of gaming and promotional management systems to gaming venues in both Victoria and New South Wales.

“Our inquiries with industry participants suggested that Tabcorp and Intecq are not currently close competitors for the supply of gaming and promotional management systems,” ACCC Chairman Rod Sims said.

ACCC Chairman discusses the increasing concentration in Australia’s economy

Correction: a previous version of this media release read: '...the revenue of Australia’s largest 100 listed companies increased from 15% of GDP in 1993 to 47% of GDP in 2015.'

This has been updated to '...the revenue of Australia’s largest 100 listed companies increased from 27% of GDP in 1993 to 47% of GDP in 2015.'

Figure 1 below has been corrected. Figure 3 has also been corrected in the speech link below.

ACCC will not oppose Australian Paper's proposed acquisition of Edwards Dunlop Office Products

The Australian Competition and Consumer Commission will not oppose Australian Paper's proposed acquisition of the Edwards Dunlop Office Products division (EDOP) of BJ Ball.

The ACCC review focused on the supply of copy paper in Australia and included market inquiries with a range of suppliers of copy paper, customers and buying groups, and including current and some potential competitors of Australian Paper

ACCC will not oppose Graincorp’s proposed acquisition of Cargill’s Gilgandra grain storage and handling facility

The Australian Competition and Consumer Commission will not oppose GrainCorp Limited’s (GrainCorp) proposed acquisition of Cargill Australia Limited’s (Cargill) bulk grain storage and handling facility in Gilgandra, New South Wales.

“The ACCC conducted extensive market inquiries with market participants, including grain growers, grain traders, exporters, and competing suppliers of storage and handling services in the Dubbo region. Growers and other market participants were not generally concerned about the proposed acquisition,” ACCC Chairman Rod Sims said.