Acquirer(s)
- QBE Insurance Group Ltd
Target(s)
- trade credit business of CGU Insurance Australia Ltd
Summary
QBE proposed to acquire CGU's trade credit insurance portfolioMarket definition
Trade credit insuranceCompetition analysis
On 26 March 2002 the Commission advised QBE that it would not intervene in the proposed acquisition. There are a number of alternative Australian and overseas competitors including EFIC/Gerling, AIG, Gerling/NCM and Dexta/Coface that could readily respond to any attempted exercise of market power by the merged firm. Accordingly, the Commission considered that the proposed acquisition was unlikely to substantially lessen competition.Merger type
Horizontal
Guidelines thresholds
Crossed
Imports above 10%
No
Initiation
Parties
ANZSIC code
7422