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BRIEF-ACCC releases statement on Caltex's Milemaker deal

Published 16/03/2017, 12:03 pm
© Reuters.  BRIEF-ACCC releases statement on Caltex's Milemaker deal

March 16 (Reuters) - Australian Competition And Consumer Commision:

* Asx alert-axx: ACCC releases statement on caltex's proposed acquition,axx-ctx.ax

* Accc's preliminary view is that acquisition may substantially lessen competition for retail supply of petrol in melbourne

* Accc's initial observations suggest that proposed acquisition may remove a vigorous and effective competitor in retail fuel in melbourne

* Accc's concern, therefore, is that acquisition may lead to melbourne motorists paying more for petrol.

* Australian competition and consumer commision's final decision on caltex's proposed acquisition is set to be announced on 20 april 2017

* Accc issues statement on Caltex's proposed acquisition of a chain of 46 service stations from milemaker petroleum Source text for Eikon: Further company coverage: CTX.AX

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