Mergers

ACCC will not oppose proposed IPH - Xenith acquisition

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.

ACCC will not oppose QANTM-Xenith merger

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.

Bingo’s acquisition of Dial-a-Dump not opposed, subject to divestiture undertaking

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.  

DLF Seeds’ acquisition of PGG Wrightson Seeds not opposed

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.

ACCC discontinues Siemens Alstom merger review

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.

Consultation on Bingo’s proposed waste divestment

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.

ACCC will not oppose Thales-Gemalto deal

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.

ACCC identifies concerns about Bingo acquisition

The ACCC has released a statement of issues raising preliminary competition concerns about Bingo’s (ASX: BIN) proposed acquisition of Dial-a-Dump.

Bingo and Dial-a-Dump supply building and demolition (B&D) waste collection and processing services in the Greater Sydney area. Bingo and Dial-a-Dump are also future competitors for non-putrescible, or dry, landfill services when Bingo’s Patons Lane facility becomes operational in 2019.