The Australian Competition and Consumer Commission has announced that it will not oppose the proposed acquisition of the OneSteel Sheet and Coil business from Arrium Limited by BlueScope Steel Limited after accepting an undertaking from BlueScope to sell its sheet and coil
processing assets in Western Australia.
BlueScope has agreed to provide a court enforceable undertaking requiring it to sell its sheet and
coil processing assets in Western Australia to an ACCC approved purchaser.
The ACCC report highlighted the highly regional nature of competition in the sector and increased the likelihood that Murray Goulburn's potential new owners, Saputo, will have to sell a
significant processing asset to gain its tick of approval.
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process assets for learning.
But in a separate submission, farmer group Australian Dairy Farmers said fragmentation of Australia's
milk processing assets had hindered growth in the industry.
At least $ 300 million worth of dairy farms across Australia have failed to sell or bring in capital partners after more than a year on the market, despite ravenous appetite for
dairy processing assets.
To initiate, investigate and
process asset forfeiture actions To conduct post-trial proceedings and file appeals cases to county, state and federal appeals courts.
Earlier this month, Enbridge announced a $ 3.2 - billion sale of renewable power facilities and natural
gas processing assets in North America, and the company has earmarked another $ 7 billion in divestitures as it aims to bring its debt down to five times EBITDA by the end of the year.
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Similarly, Bloomberg reported Tuesday that Enbridge Inc. has hired the Royal Bank of Canada to sell some of its natural gas gathering and
processing assets in Alberta and B.C. and hopes to raise $ 2 billion from the sale.
'' The divestiture of BlueScope's sheet and coil
processing assets to Selection Steel should enable Selection Steel to expand its operations in Western Australia and compete with BlueScope, particularly in the processing of sheet and coil products,» Mr Sims said.
The Launceston - based company does not own its own dairy farms or
processing assets.
In October 2012, it sold its Permian Basin assets, and in August 2013, it sold other gas gathering and
processing assets to SemGroup Corporation (NYSE: SEMG).
«It is backed by mining and
processing assets and blockchain technology, which is regarded as reliable.
Summary Equipment Operations Team Leadership Compliance Controls Business
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