Acquirer: Qenos; Target: Orica Ltd

Summary

Orica Australia Ltd (Orica) wishes to sell its interest in the Port Botany LPG Storage Joint Venture to any subsidiary of Qenos Holding Pty Ltd. Qenos is owned by Orica (50%) and ExxonMobil (50%). Orica's share of the JV is 71.5%. The other JV parties are Shell, Mobil and Elgas

Market definition

Market for the storage and distribution of LPG in NSW.

Competition analysis

This matter does not appear to raise any competition issues. This proposal will not result in any increase in market concentration.

Merger type

Asset Sale

Guidelines thresholds

Below

Imports above 10%

N/A

Initiation

Parties

ANZSIC code

4521