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BRIEF-Australian Competition and Consumer Commission updates on Asciano bid

Published 2015-12-21, 05:27 p/m
© Reuters.  BRIEF-Australian Competition and Consumer Commission updates on Asciano bid
AIO
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Dec 22 (Reuters) - Asciano Ltd AIO.AX :
* accc to consult on proposed undertakings from Brookfield AIO.AX
* Accc - revised undertakings have been proposed to address preliminary
competition concerns identified by accc in statement of issues released on 15
October 2015
* Accc- commenced market consultation on proposed revised undertakings offered
by a consortium assembled by Brookfield asset management inc
* Accc - says indicative decision date for the accc's review of the Brookfield
proposed acquisition is currently the same
* Accc - "considers that its views on the undertakings will benefit significantly from market feedback"
* Accc - anticipates making its final decision on the revised undertakings by 18 February 2016
* Accc - revised proposal involves commitment to divest to an independent party
* Accc - revised proposal involves commitments to ensure independent operation
and decision making at brookfield's dalrymple bay coal terminal
* Accc- now seeks views from market participants to assist accc to determine
whether revised undertakings would be likely to alleviate accc's competition
concerns
* Accc - following market consultation, the accc will decide whether to accept
or reject the proposed undertakings

* Source text for Eikon ID:nASX1xw3xJ

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