Acquirer(s)
- Alcoa Inc
Target(s)
- Kaal Australia Pty Ltd
Summary
Alcoa Inc is proposing a joint venture buy-out that will involve Alcoa increasing its stake in Kaal Australia from 50% to 100% by acquiring Kobe Steel's 50% stake.Market definition
The Commission did not consider the issue of market definition to be decisive because under any definition there was unlikely to be a substantial lessening of competition. However, the following markets were considered:- the market for aluminium can stock;
- the market for aluminium foil sheet; and
- the market for aluminium general sheet.
Competition analysis
The Commission considered it unlikely that the proposed acquisition would substantially lessen competition in any markets. The Commission took into consideration the fact that the acquisition will not remove a market participant, as neither Alcoa Inc nor Kobe Steel market or sell Kaal Australia's aluminium products independently.Merger type
Shareholding
Guidelines thresholds
Crossed
Imports above 10%
Unknown
Initiation
Parties
ANZSIC code
2731