Commission declines application by Transpacific Industries to acquire waste disposal businesses
Thursday 31 May 2007, 9:02PM
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The Commerce Commission has declined to grant clearance for Transpacific Industries to acquire the South Island assets and businesses of EnviroWaste Services and up to 50% of the shares in Manawatu Waste.
Commission Chair, Paula Rebstock, said that the Commission was not satisfied that the proposed acquisition would not have, or would not be likely to have, the effect of substantially lessening competition in the relevant markets.
Background
Transpacific Industries (NZ) Limited, is wholly owned by Transpacific Industries Group Limited, an Australian company listed on the Australian Stock Exchange.
EnviroWaste Services is ultimately wholly owned by Ironbridge Capital Pty Limited, an Australian private equity firm.
A public version of the Commission's decision will be available as soon as practicable on the Commission's website under Public Registers.
Commission Chair, Paula Rebstock, said that the Commission was not satisfied that the proposed acquisition would not have, or would not be likely to have, the effect of substantially lessening competition in the relevant markets.
Background
Transpacific Industries (NZ) Limited, is wholly owned by Transpacific Industries Group Limited, an Australian company listed on the Australian Stock Exchange.
EnviroWaste Services is ultimately wholly owned by Ironbridge Capital Pty Limited, an Australian private equity firm.
A public version of the Commission's decision will be available as soon as practicable on the Commission's website under Public Registers.