Commission To Release Lion/Montana Decision
Issued 24 November 2000/125
Commission To Release Lion/Montana Decision On December 8
The Commerce Commission will release its decision on Lion Nathan Limited's application for clearance to acquire all the shares in Montana Group (NZ) Limited on Friday, December 8.
The Commission's Commerce Act Manager, Geoff Thorn, said that the decision had been due today but the Commission required more time to investigate the application, and Lion agreed to the extension.
The Commerce Act prohibits business acquisitions that result in dominance being acquired or strengthened in any market.
Parties can apply for a clearance, which the Commission will give if it is satisfied that dominance is not acquired or strengthened.
Media contact: Commerce Act Manager Geoff Thorn Phone work (04) 498 0958, cellphone 021 661 104
Communications Officer Vincent Cholewa Phone work (04) 498 0920, home (04) 473 3827
Commission media releases can be viewed on its web site www.comcom.govt.nz
Regards Leo van Schyndel Records Officer Corporate Services Direct dial : (04) 498-0929 E-mail : email@example.com