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.
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.
The ACCC has decided not to oppose Santos Limited’s (ASX: STO) proposed acquisition of Quadrant Energy Holdings Pty Ltd.
Santos and Quadrant are active in the production and supply of natural gas (and related condensate by-products) and crude oil in Western Australia. The parties also jointly own domestic gas processing facilities and associated fields at Varanus Island and Devil Creek.
The ACCC will not oppose the proposed acquisition of Austrak by Vossloh Australia.
Vossloh and Austrak are suppliers of rail track components. Vossloh supplies rail fastening components and switch systems including turnouts, while Austrak supplies concrete sleepers and bearers.
“There is no horizontal overlap between the products manufactured and supplied by Vossloh and Austrak in Australia. There are vertical links, however, and this is what the ACCC’s investigation focussed on,” ACCC Commissioner Roger Featherston said.
The ACCC has decided not to oppose the proposed acquisition of Racing Internet Services Pty Ltd (Racenet) by Punters Paradise Pty Limited (Punters), a subsidiary of News Corp Australia Investments Pty Ltd.
Punters and Racenet are digital platforms that provide racing news and information to consumers through their websites, mobile apps and social media channels.
The parties also earn revenue for referring new customers to corporate bookmakers, by acting as betting affiliates.
The ACCC has announced today it will not oppose the proposed merger between Nine Entertainment (ASX: NEC) and Fairfax Media (ASX: FXJ/DHG).
The ACCC examined a number of markets affected by this proposed merger. Australian news, including online news, current affairs reporting and investigative journalism, was the key issue, and in particular whether the merger would substantially lessen competition in the creation and provision of Australian news content.