The Australian Competition Authority approves the acquisition transaction between two book publication companies as not likely to impede competition (Opus / Ovato)

Opus’ acquisition of Ovato book printing business not opposed* The ACCC will not oppose Opus Group Pty Ltd’s (Opus) proposed acquisition of Ovato Limited’s (Ovato) (ASX: OVT) book printing business. As part of the proposed transaction, separately, Ovato would issue a convertible note to Opus, which Opus can convert into approximately 15% of Ovato’s issued share capital. Opus’ book printing division, McPherson’s, and Ovato’s book printing business unit, Ovato Book Printing, overlap in the printing of mono (black and white) books sold in Australia. “Market feedback

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Australian Competition Authority, The Australian Competition Authority approves the acquisition transaction between two book publication companies as not likely to impede competition (Opus / Ovato), 14 June 2022, e-Competitions June 2022, Art. N° 107150

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