Brookfield consortium - proposed acquisition of Asciano Limited
Type of assessment
Informal Review
Reference
57803
Acquirer(s)
Brookfield consortium
Target(s)
Asciano Limited
Industry
Infrastructure
Outcome of assessment
No decision
Total review days *
152
Commenced public review
6th August 2015
Date completed
15th March 2016
Statement of issues
Statement of Issues 15th October 2015 MER15+10579.pdf (553.9 KB)
Statement of Issues 15th October 2015 MER15+10525.docx (369.6 KB)
Undertakings
Draft DBCT Undertaking 22nd December 2015 MER15+13627.pdf (2.5 MB)
Draft WA Undertaking 22nd December 2015 MER15+13590.pdf (7.3 MB)
Review timeline
Date
Event
6th August 2015
ACCC commenced review under the Merger Process Guidelines.
4th September 2015
Closing date for submissions from interested parties.
15th October 2015
ACCC published a Statement of Issues outlining preliminary competition concerns.
4th November 2015
Closing date for submissions relating to Statement of Issues.
14th December 2015
Former proposed decision date of 17 December 2015 delayed at the request of Brookfield.
22nd December 2015
ACCC commenced market inquiries on proposed s87B undertakings.
22nd January 2016
Closing date for submissions relating to the proposed s87B undertakings.
5th February 2016
Former proposed decision date of 18 February 2016 delayed to allow for provision of further information from Brookfield and consideration of revised s87B undertakings.
23rd February 2016
Asciano announced a potential acquisition by a consortium including both Brookfield and Qube Holdings Limited. ACCC timeline suspended.
30th March 2016
Following an announcement by Asciano that it had entered into a new binding agreement with Brookfield, Qube and others, the ACCC discontinued this review. The ACCC commenced a review of the new joint proposal to acquire Asciano on 30 March 2016.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
