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The ACCC › Public registers › Mergers register › Brookfield consortium - proposed acquisition of Asciano Limited
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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.


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