Acquirer(s)
- Sumitomo Corporation
Target(s)
- Australian Bulk Alliance Pty Ltd
Summary
Sumitomo Corporation to acquire half share in ABA Pty Ltd.Market definition
For competition assessment purposes the relevant market was considered to be the market for storage and handling of grain. As market concentration was not changed by the acquisition, the question of whether the geographic scope of the market is national or state based was left open.Competition analysis
Sumitomo Corporation is a new entrant in the storage and handling market in Australia and as such there is no change in market concentration.Merger type
New Entry
Guidelines thresholds
Below
Imports above 10%
No
Initiation
Parties
ANZSIC code
6701