Metal Manufactures Limited - s.87B undertaking

Pirelli Cables agreed to acquire Metal Manufactures' energy cables business. The ACCC indicated that it would take steps to prevent the acquisition unless MM releases BICC from their obligations under their agreement and not enforce any other obligations of BICC. MM undertakes that it will give notice to PCAL that the ACCC does not propose to intervene in the acquisition and formally releases BICC from their obligations by executing a deed poll; that it will notify the ACCC of such execution; that it will not enforce the obligations of BICC under the BICC agreement; that it will not enforce the obligations of BICC under the provisions of any contract, arrangement or understanding having the effect of restricting or limiting the ability of BICC to supply or import into Aust energy cables.