Acquirer(s)
- AGL Energy Limited
Target(s)
- Sydney Gas Limited
Summary
On 24 December 2008, AGL Energy Ltd announced a bid to acquire all of the issued shares in Sydney Gas Ltd.Market definition
The ACCC considered the proposed acquisition in terms of the markets for the exploration, production, wholesale supply and retail supply of gas in New South Wales and on the eastern seaboard of Australia. However, the ACCC did not consider market definition to be determinative in conducting the competition analysis for this matter.Competition analysis
The ACCC formed the view that the proposed acquisition was unlikely to result in a substantial lessening of competition in the relevant markets. Relevant factors considered by the ACCC included the level of horizontal aggregation and the number of competitors remaining in the relevant markets post-acquisition.Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the proposed acquisition. |