ACCC kicks of inquiry into Shell’s BG Group takeover
ACCC kicks of inquiry into Shell’s BG Group takeover
Angela Macdonald-Smith: Energy Reporter:Published 12 June 2015
The national competition watchdog has kicked off an examination of Royal Dutch Shell’s proposed $90 billion takeover of BG Group, with the focus set to land on the impact of further consolidation on the east coast market where manufacturers are already struggling to source long-term supplies.
Incitec Pivot managing director James Fazzino has already declared he will voice his concerns over the mammoth deal to the Australian Competition and Consumer Commission, noting last month that “the industry doesn’t need more consolidation.”
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