Aug 1 (Reuters) - ACCC -
- EXPRESSED PRELIMINARY COMPETITION CONCERNS ABOUT QANTAS' ACQUISITION OF A 19.9% INTEREST IN ALLIANCE AIRLINES
- CONSIDERS THIS SHAREHOLDING HAS POTENTIAL TO IMPACT ALLIANCE'S FUTURE GROWTH AND ITS ABILITY TO BE A STRONG COMPETITOR
- QANTAS DID NOT SEEK INFORMAL MERGER CLEARANCE FROM ACCC BEFORE IT ACQUIRED STAKE IN ALLIANCE
- QANTAS HAS PROVIDED AN UNDERTAKING NOT TO ACQUIRE ANY FURTHER INTEREST IN ALLIANCE UNTIL INVESTIGATION IS COMPLETED
- CONTINUING TO INVESTIGATE WHETHER THIS ACQUISITION IS LIKELY TO HAVE EFFECT OF SUBSTANTIALLY LESSENING COMPETITION
- ALLIANCE IS QANTAS' ONLY COMPETITOR ON REGULAR PASSENGER TRANSPORT ROUTE BETWEEN BRISBANE & IMPORTANT REGIONAL CENTRES OF BUNDABERG & GLADSTONE
Source text : [http//bit.ly/311zvOy]
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Aug 1 (Reuters) - ACCC - EXPRESSED PRELIMINARY COMPETITION...
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