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