Company News Summary
Link Administration Holdings Announces ACCC Releases SOI on Proposed Acquisition of Pillar
Original announcement: ACCC releases SOI on proposed acquisition of Pillar by Link
Link Administration Holdings announced that the Australian Competition and Consumer Commission (ACCC) has issued a Statement of Issues on the possible acquisition of the Superannuation Administration Corporation (trading as Pillar) by the Company. Pillar is being privatised by the NSW Government. The ACCC is seeking to better understand the barriers to entry or expansion and the likelihood of new entry or expansion in the sector. The Statement of Issues seeks further information on the competition issues which have arisen from the ACCC's market inquiries to date. The ACCC invites further submissions from interested parties by 28 October 2016. The ACCC's expected final decision date is 15 December 2016.
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