Acquirer(s)
- Arc Energy
Target(s)
- Anzon Australia Limited
Summary
Arc Energy propose to acquire Anzon Australia LimitedMarket definition
The ACCC did not consider it necessary to form a view in relation to market definitionCompetition analysis
The ACCC noted that the merged entity's production and reserves would be much smaller than rival firms in the region. Primarily for this reason, the ACCC considered that a substantial lessening of competition was unlikely in any market as a result of the acquisition.Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
Announcement of ACCC's findings delayed by one week to allow merger parties to provide additional information sought by the ACCC. |
|
ACCC announced it would not oppose the proposed acquisition. |