BP - proposed acquisition of Woolworths' retail service station sites


Type of assessment Informal Review
Reference 61057
Acquirer(s)
BP
Target(s)
Woolworths' retail service station sites
Industry Retail service station sites
Summary
B P Australia Pty Limited proposes to acquire Woolworths Limited's network of retail service station sites.
Outcome of assessment Opposed
Total review days * 130
Commenced public review 15th March 2017
Date completed 14th December 2017
Market definition
The ACCC focussed on retail fuel markets. The ACCC will consider publishing a Public Competition Assessment with more detail on market definition at the appropriate time.
Competition analysis
The ACCC will consider publishing a Public Competition Assessment at the appropriate time.
Statement of issues
  • Statement of Issues - Word version
    10th August 2017
    MER17+7791.docx (908.8 KB)
  • Statement of Issues - PDF version
    10th August 2017
    MER17+10437.pdf (377.9 KB)
Other
Review timeline
Date Event
15th March 2017 ACCC commenced review under the Merger Process Guidelines.
14th April 2017 Closing date for submissions from interested parties.
10th July 2017 Former proposed decision date of 13 July 2017 delayed by agreement to allow the parties to provide additional information.
28th July 2017 ACCC received information from the parties.
10th August 2017 ACCC published a Statement of Issues outlining preliminary competition concerns.
7th September 2017 Closing date for submissions relating to Statement of Issues.
19th September 2017 ACCC published Local Market Screening.
28th September 2017 Closing date for submissions relating to Local Market Screening.
4th October 2017 Former proposed decision date of 26 October 2017 delayed to allow more time for data analysis, and to consider information provided by parties and market participants.
29th November 2017 Former proposed decision date of 30 November 2017 delayed on request from the parties to allow the ACCC to consider further information from the parties.
14th December 2017 ACCC announced it would oppose the proposed acquisition.

* Total Review days = Total business days less public holidays and time during which the review was suspended.