Sept 17 (Reuters) - Australian Competition and Consumer Commission:
* ACCC not to oppose Macquarie's bid for Esanda MQG.AX
* concluded that the possible acquisition was not likely to substantially lessen competition in the market
* also considered that the competitive nature of car retailing may impose a further indirect competitive constraint on Macquarie
* oems may also be able to use these tender processes to introduce another financier into the market
* had some concerns that proposed acquisition may lead to increased bailment interest rates particularly for dealerships that do not have access to an aligned or in-house finance provider
* noted if merged entity were to increase bailment rates and/or decrease pos commissions, it would provide an incentive for other providers to begin to compete for business of unaffiliated dealerships
* says also considered that competitive nature of car retailing may impose a further indirect competitive constraint on Macquarie
* Source text for Eikon ID:nASX3bnZvj