The Australian Competition Authority publishes statement of issues which prevents the conclusion of a merger between two investment companies (Palisade Investment / Port of Geelong)

Spirit Super and Palisade Investment Partners Consortium decides not to proceed with Port of Geelong acquisition* The Spirit Super and Palisade Investment Partners Consortium (the Consortium) has withdrawn its request for merger clearance from the ACCC for its proposed acquisition of the Port of Geelong. The ACCC recently informed the Consortium that it continued to hold preliminary competition concerns needing more time to investigate and the Consortium subsequently decided to not proceed with the transaction. The ACCC released a statement of issues on 31 March outlining its preliminary concerns. The ACCC was concerned

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Australian Competition Authority, The Australian Competition Authority publishes statement of issues which prevents the conclusion of a merger between two investment companies (Palisade Investment / Port of Geelong), 26 August 2022, e-Competitions September 2022, Art. N° 108450

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