Reasons For Granting Clearance To Transpacific
Reasons for Transpacific Industries being cleared (with divestments) to acquire parts of EnviroWaste Services
The Commerce Commission has released its reasons for granting clearance to Transpacific Industries to acquire certain South Island solid waste collection businesses of EnviroWaste Services. The clearance was given providing Transpacific Industries divests back to EnviroWaste:
The Commission’s reasons for granting the clearance include:
The reasons are available on
the Commission's website www.comcom.govt.nz under
PublicRegisters/mergersacquisitions-clearances. Click on the
Decision number in the right hand column.
On 31 October 2007 the Commission granted clearance to Transpacific as it was satisfied that the proposed acquisition (with divestment) would not have the effect, or likely effect, of substantially lessening competition in the local markets in Nelson, Blenheim, Christchurch, Timaru, Oamaru and Dunedin for collection of solid waste in wheelie bins, front-end-loaded (FEL) bins and gantry bins (skips).
The Commission was also satisfied that, with the divestment, there would not likely be a substantial lessening of competition in the national market for the provision of waste management services