A PYMNTS Company

ACCC will not stand in the way of AGL’s Loy Yang acquisition

By  |  May 24, 2012

The Australian Competition and Consumer Commission will not oppose AGL Energy’s proposed acquisition of Great Energy Alliance Corporation. Great Energy owns Loy Yang. After review and consultation with interested parties, the ACCC determined that following an AGL-Loy Yang merger, “strong competition” in the market for wholesale supply of electricity would remain. Moreover, the vertical integration of Loy Yang into AGL would not pose a barrier to entry for new rivals.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: ACCC Press Release

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

     

    Related content: The Australian Approach to Competition Law Compliance Programs

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.